Sascha_Gogolin
Short

EUR/GBP - Time for a correction?

FX:EURGBP   Euro Fx/British Pound
The EUR/GBP             has been on a strong bullish run during the last week. Yesterday was the first bearish daily close for 8 days and price looks a bit overextended to me. Lower time frames are indicating a shift in order flow as well if you look at the strong sell off, followed by a corrective structure. If this structure holds I expect price to drop to at least 0.86000.
Trade closed: target reached: Deeper pullback than expected but first target level reached.
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