Look For Further Downside In EURGBP

FX:EURGBP   Euro / British Pound
This pair is threatening further downside pressure as it ended last week giving back all the gain from the previous week. Sitting on a short-term uptrend line as the RSI and Awesome Oscillator diverge from the pairs uptrend over the past 5 weeks. A break of support at 0.77000 leaves room to run down to 0.76000 - 0.75500. We will be giving price action some room to breakdown before going short, look for the pair to take out 0.76800 before taking action.

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Order cancelled: We are cancelling this order as the pair is quickly approaching the level we were using for our stop. We will re-evaluate and could possibly enter a new order if price action warrants.
Comment: Order back in play as this pair failed to close above the price we will be using for our stop, 0.78100 We will be looking to take this pair short.
Order cancelled: Once again we cancelled our open order, with tomorrow being a big day for the ECB we will sit on the sidelines rather than risk being in a position which may be negatively impacted by the announcement.
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