EURGBP has begun forming structure worthy of my attention, an ascending . An ascending typically break out in a manner due to the fact that they usually occur at the tail end of an established trend. The targets for the will be near the .75000 mark as this is where the market initially found support from the .
Rising EURUSD pressure to actually fuel a much larger continuation and GBPUSD although still, likely to slow it's descent in the coming days.
Watch on the for the lower support shown to be confirmed to be broken - for added momentum and confidence that you are trading with the rest of the market.
If you choose to enter earlier, you do so at your own discretion and with the understanding that this trade is not yet confirmed.
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