SamKent
Short

EUR/GBP SHORT OPPORTUNITY

FX:EURGBP   Euro Fx/British Pound
148 0 1
The EUR/GBP             has been having some significant volatility as of late. Currently, the 1H chart is trading at the trend resistance line. We've also got a nice confluence between candlestick action at resistance and stochastic crossing back from overbought, this at around the 50% retrace of the initial down move. All in all, the pair looks to have downside potential, and we favor a short trade, aiming to reignite the bearishness.
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