SamKent

EUR/GBP SHORT OPPORTUNITY

Short
FX:EURGBP   Euro / British Pound
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.