EURGBP 4HR SHORT TRADE
EURGBP is forming lower lows and lower highs.
We have a clear selling zone 0.8935
We have re-tested the 23.6% retracement level and we have also re-tested the 4hr support line which turned resistance.
There are a number of good technical factors that support this short trade.
The fundamentals will be the biggest let down. Will Theresa May bury the Pound alive, or do we have a last minute deal wit the EU.
We have a clear selling zone 0.8935
We have re-tested the 23.6% retracement level and we have also re-tested the 4hr support line which turned resistance.
There are a number of good technical factors that support this short trade.
The fundamentals will be the biggest let down. Will Theresa May bury the Pound alive, or do we have a last minute deal wit the EU.
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