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Luke220600

EURGBP TECHNICAL ANALYSIS: SHORT POSITION +70 PIPS

Short
Euro / British Pound (FX:EURGBP)  
Luke220600 Updated   
FX:EURGBP   Euro / British Pound
Trend Analysis Wave Analysis euro EURGBP eurgbpshort eurgbplong eurgbpanalysis eurgbpsell eurgbptrend eurgbpforecast
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trendanalysis waveanalysis euro eurgbp eurgbpshort eurgbplong eurgbpanalysis eurgbpsell eurgbptrend eurgbpforecast
EURGBP on my last analysis on the weekly chart, managed to break above the strong structure, so I'm personally looking for sell opportunities to enter in the market. The pair ranged between 0.89200 - 0.88680 and now was able to breakdown and is currently retesting the new resistance, if the resistance gets clearly rejected and we can see a possible down continuation i will open a sell position, until the formation of a new lower low.
Comment:
The previous support and new resistance at 0.88850 is getting rejected.
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