Description
⋅ EURGBP on the 30-minute chart has ascended to the supply / resistance zone marked by
the LuxAlgo indicator. It is far extended in the overvalued zone two standard deviations
above the mean anchored VWAP. There is confluence in the volume profile which shows
price far above the POC line and also above the top margin of the high-volume area of the
profile. Finally, the stochastic RSI is showing bearish divergence. Accordingly, I will take
a short position and also check the EURUSD pair and GBPUSD pair for analysis.