R2R-James

heading south.

Short
FX:EURGBP   Euro / British Pound
I dont see anything currently bullish about this pair right now. After the most recent impulse down i see we have come up and re tested as a double top formation. swing high to swing low we retested at the 50% fib retracement also. The last daily candle would of been more convincing if it was more of a "bearish engulfing" set up but its still the biggest daily candle we have had since the 29th of jan which to me is suggesting people are now interested in this market which also convinces me that we are still going to be heading south. one to be monitoring for next week.