DavidBelleFX
Short

EURGBP Retested at 0.7239

FX_IDC:EURGBP   Euro / British Pound
EURGBP             has broken out of the triangle and has found resistance after the retest at 0.7239. One consideration here is that price may still look to reach the point of control at 0.73042, however the chart seems bearish and with added fundamental issues (ECB most probably extending its asset purchase programme to the end of 2016 and the BoE most probably hiking rates in Q1 2016) we could see further downside weakness.

Form your own opinions.

Not to be taken as investment advice.
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