Eurgbpshort
EURGBP -Short/Medium Term forecast!The EURGBP has been in a mid term downtrend, "Is the trend going to continue?".
Currently we are completing a WXY correction in the minor green degree which should see the pair push high from current level into our bluebox area. As long as we don't go beyond the bluebox(0.8800) then we should see a reversal which will take the pair even lower in the coming months/year. We should start looking for selling opportunities from 0.8730.
If we see a correction in the bluebox then we are likely to see a double correction which will take the pair further up, but we still should remain bearish for the mid-term.
EURGBP Butting Heads with SupportEURGBP currently bouncing around just above a strong previous support level on the 15Min, while still looking Strong Bearing on the 4H.
Possible to see a short term bounce up, but longer term view we're looking to see a break below this support line to test the previous lows from October and then November.
Price continues to follow a choppy downtrend with lower lows highs, with the exception of a brief December 8th rally that was quickly extinguished.
EURGBP SHORTS 📉📉📉We are in a bearish orderblock area on a daily TF, price took out liquidity above buy side liquidity(retail trendline area) rejecting nicely before. This currency pair has a lot of un-filled bullish imbalances that tend to magnetize price back into those areas expect to see bearish price action till 0.84500 / 0.84000
What do you think ? Comment below..