EURGBP made a huge pump past weeks so it looks like we might have reached the point for a correction now. If we break the green in the middle, i will give it a try. The red in the middle should not be crossed anymore.
The green on the right can become a big support, so if that breaks it could drop even more.
Looking at this analysis 1 month later what I can tell is that the market is a beast that can't be predicted.
isn't it? never thought this could go up that much.
Dojari
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Thanks a lot for this, I have been watching this pair as well. The very short term looks as if it might push up a little higher still, but the higher timeframes show the move up has weakened. I currently have no good setup on this so I really appreciate your take on this. Cheers.
isn't it? never thought this could go up that much.