EURGBP: Wait for a pullback
All of the Euros pair have been extremely bullish for this year. However, it seems like the Euros have reached a lot of strong resistance on most pair. This pair have recently formed a head and shoulder, followed by a continued downside breaking through the uptrend channel. It is good a idea to wait for a pullback for confirmation that this is the start of the downside. I am looking to short at a pullback back into the 61.8 fibs level.
Trade with care.
Trade with care.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.