EURGBP | Steep Downtrend. Go Short!

FOREXCOM:EURGBP   Euro / British Pound
When it comes to the technical analysis of EURGBP, considering the current market structure, this currency pair is still in downtrend. On chart, we can clearly see the steep downtrend and price also managed to break the previous support area S1. That means price is likely to continue moving downwards. So the best approach would be to wait until the price tests the S1trend line. If you find a strong rejection with bear candles, go short. Targets T1 & T2 are marked on the chart.

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