EURGBP A Short Term Buy Setup And A Long Term Sell One

As we explained in the GBPUSD post (link below) but in this EURGBP rally is about to end. Price is moving into a rising channel with MACD bearish divergence showing that this move is losing steam. Into the channel we have a nice buy short term setup which will be active after price breaks the small correction.

Our main trade though should be a sell when we will have a breakout below the rising channel. When price breaks watch for a sell setup and go short

Comment:

Price broke above the small correction. Keep a closer eye for a buy setup now