On a 4-hour, chart, we can see that the price formed very nice head and shoulders pattern.
-Head and shoulders is a reversal pattern and that means that the price may go in a bearish direction.
-On a daily base, EUR is stronger than GBP but on a 4-hour base, GBP is stronger.
-If GBP remains stronger then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section!
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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial advice.