gpuri
Short

EURGBP approaches trendline and structural resistance @ 0.7375

FX:EURGBP   Euro Fx/British Pound
177 1 0
EURGBP             approaches trendline and structural resistance @ 0.7375. ROC9 is also forming a bearish trendline resistance. A short position can be taken towards 0.70 handle unless the trendline is breached and the price action crosses 0.7400 level.
I like this chart 0.74 seems to becoming an important level (0.84 did this last year oddly enough). I am not convinced about the next direction, a break in either way seems likely. I will sit this one out.
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