forexcanada
Short

Favoring short even though Pair in an uptrend

FX:EURGBP   Euro Fx/British Pound
219 0 0
The pair formed an engulfing bearish candlestick near 0.8095 resistance level. With price and stochastic failing to make new high this short term uptrend is in play and expect to resume the longer term downtrend. I want to see a break of that red line which almost coincide with the psychological level of 0.8000.

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