tayalsmith
Short

EUR/GBP THIS WEEK

FX:EURGBP   Euro Fx/British Pound
13 0 2
The primary trend of EUR/GBP             is bearish on charts and price is trading below the trend line in its daily chart . In daily chart the price is sustaining above 200 day SMA and is expected to break of 50 day SMA downside indicating downtrend of the pair.
Resistance level of 0.7930 and Support level of 0.7525
If it breaks its suppport level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: EUR/GBP             is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
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