moorekapital

EURGBP: BEARISHNESS CONTINUATION....???

FX:EURGBP   Euro / British Pound
Following the fantastic sell climax and the inner trend line breakout, I started anticipating a reversal bullish. But I also expected some trading range prior to any major trend reversal.

Would the bearishness continue......???

With price still below 50EMA, I want to see any possible rally from here as a pullback to testing breakout point of trading range or 50EMA.
Price is also seen below 0.70000. A pullback to testing this big number would be in order.

I'm sitting on my hands until then.



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.