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Fx_Trader_ViSa
Apr 13, 2020 11:29 AM

EURGBP Breaking Point Of Descending Triangle. Short

EUR/GBPOANDA

Description

EURGBP is trading in Descending triangle pattern. It is also trading at 62% of Fibonacci retracement level as you can see in chart. If it breaks out of descending triangle pattern we might see further downside toward the 0.8625 level and further towards towards Fibonacci 78% retracement level. There is high chance of either continuation of sideways to downside trend.

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