lawlee9
Short

EURGBP Breakout and retest of trendline

FX:EURGBP   Euro / British Pound
61 0 3
On the lower time frames, we can see that price broke out of a trendline , indicating a move lower is imminent. However, it looks like it stalled at a support level . The 20EMA is holding prices down and is creating a squeeze here, so I'm going to look to go short either at another touch of the 20EMA, or at a break and retest of the .7938 level and targetting .77
Comment: price moving down impulsively..
Comment: Target reached
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