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DeGRAM | EURGBP broke reaction zone in descending channel

Short
Euro / British Pound (FX:EURGBP)  
DeGRAM  
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Support and Resistance eurgbpanalysis eurgbpsignal
8
5
trendanalysis chartpattern supportandresistance eurgbpanalysis eurgbpsignal
EURGBP is trading in the descending channel. The market is in a bearish trend.

Price rebounded from the resistance, broke, and closed below the significant level where price dropped.

We expect the price to retest the support levels and further move down from the resistance.


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