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Investroy

EUR/GBP: downtrend continues

Short
Euro / British Pound (FX:EURGBP)  
Investroy  
FX:EURGBP   Euro / British Pound
Support and Resistance Supply and Demand Trend Analysis EURGBP priceaction forextrading investroy
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supportandresistance supplyanddemand trendanalysis eurgbp priceaction forextrading investroy
As it can be clearly observed from the graphical illustration, the sentiment of the market is clearly bearish and there is more potential for the price to keep dropping and reach the area of support indicated on the chart. More to it, the price has nicely rejected the local zone of resistance that aligns with 50% Fibonacci retracement level.

Happy trading, everyone!
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