FX:EURGBP Euro Fx/British Pound
In the past few hours, this pair has been posting lower highs and lower lows. Fractal wise, we are looking . 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.