FX_IDC:EURGBP   Euro / British Pound
On the daily time frame, we can use the Fibonacci retracement level where a couple of hours it tests the level at 50.0%, the previous three times the pair bounced up and whether we will have to wait a little longer. The pullback is possible in any case because a falling channel has been formed, and the pair is at the lower edge of the channel. Now a smaller pullback is possible but as an integral part of that consolidation.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.