PipFoundry
Short

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.

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