fxsignals4pips
Short

EURGBP remains bearish, testing key trendline

FX:EURGBP   Euro / British Pound
In the past few hours, this pair has been posting lower highs and lower lows. Fractal wise, we are looking bearish trend . However, we do have an ascending trend line that has yet to be tested. Although I cannot show it here, the EURUSD             is currently selling off while GBPUSD             has remained stable. The cross results in a greater weakness in the Euro             currency and so I would go for a conservative sell if for an early entry. For those that want a safer route, I would wait for a pullback after it breaks below the ascending trend line .
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