H4 charts show the inverted head and shoulders pattern reaching its target. In the process, EURGBP also seems to have made a nice cup formation... Perhaps the declines that might occur could form the handle, potentially giving a bullish outlook to the Euro, in relation to the Pound.
0.78797 will be key to determining the outcome. A break of this support could see the Euro bears back in action.
On the sidelines for now.
0.78797 will be key to determining the outcome. A break of this support could see the Euro bears back in action.
On the sidelines for now.
