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Investroy
Dec 6, 2021 1:39 PM

EUR/GBP, are we ready to drop? Short

Euro Fx/British PoundFXCM

Description

As it can be inferred from the chart, the price has been consolidating around the area of the descending zone drawn on the graph. Last Friday, we saw a bullish candle break the local zone to the upside and now the price has returned back in the range. We are expecting for the price to consolidate a little bit before further downside moves happen.

Happy trading, everyone!
Comments
MMBTtrader
valid resistance zone here
Investroy
@MMBTtrader absolutely!
KlejdiCuni
Great analysis. Thanks
Investroy
@KlejdiCuni appreciate you stopping by, my man!
CobraVanguard
Loving it 👍🏼
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