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JayanVarsani

EUR/GBP - SELL ON BEARISH RSI DIVERGENCE | 61.8 FIBONACCI

Short
Euro / British Pound (FX:EURGBP)  
JayanVarsani Updated   
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Technical Indicators Forex Currencies euro EURUSD GBPUSD EURGBP USDCAD USDJPY AUDUSD
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trendanalysis chartpattern indicator forex currencies euro eurusd gbpusd eurgbp usdcad usdjpy audusd
EUR/GBP has been progressing upwards at a stable rate and good pace over the past several weeks. I expect a local top at the 61.8 Fibonacci before turning over downwards.


1H RSI Divergence Expectation
snapshot


VERDICT: When bearish RSI divergence is observed on the 1H-4H chart, I expect EUR/GBP to then roll-over downwards and correct reasonably.
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