copperhead

EURGBP possible exhaustion of trend Short with Open spaces

Short
FX:EURGBP   Euro / British Pound
The pair has run into long term resistance and has weakening momentum and may have made a end of a 5th wave.

Buying interest seems to be currently waning which could lead to a squeeze. If the article 50 is slowed down or tomorrows speech is looked at as bullish for the Pound we could see a reversal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.