Bearish momentum coil for EURGBP

FX:EURGBP   Euro / British Pound
57 0 0
A confident return into support at .71. would make the entry invalid.

I would expect more price suppression and a tighter range in the consolidation if it was intended to reverse long term.

We could see an ascending pattern form and then a run to lower prices seems likely.

The Pound has been accumulated on a weekly level and the Euro             looks to be under a pattern of distribution.

Want to make this chart yours? My indicators are available at https://www.tradingview.com/market/ah-pipfoundry/
More information about my indicators: http://www.pipfoundry.com
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out