EURGBP ShortLooking at the EURGBP pair we can see it has just bounced off a strong area of resistance, and is also showing Bearish Divergence. I will wait for a break below, close below the trend line before entering short.
Eurgbp_short
EURGBP ShortIf we look at the EURGBP pair, we can see that the pair is getting close to a zone of previous resistance. The pair has also made higher highs not supported by the MACD & AO indicators. I would expect the pair to target the previous zone of support should it break below & close below the wedge.
