Michael.H
Short

EURGBP Bearish outlook - Possible H&S Pattern

FX:EURGBP   Euro Fx/British Pound
Past week EURGBP             had a massive drop and is continuing to have a bearish outlook. Especially since the brexit is becoming more and more unlikely.

Taking in this information, we can see that there could be a possible H&S pattern completed before another big drop. Stoch RSI currently indicates that EG is oversold at the moment and could see a retracement to ~0.5 level, where it would see the H&S pattern completed.

We'll first have to see if it retraces at it's current level (0.7782) or drops a bit lower first towards the 0.7700 mark.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out