FXHighway
Short

EURGBP is retesting now.. Still inside the major bearish track

FX:EURGBP   Euro Fx/British Pound
115 0 1
Target: 0.7600
Risk: 0.8030

Technical Reasons:

The price still stable inside the descending channel, and in process of retesting the previously broken intraday support line, which is supported by the exponential moving average 50.

Stochastic is positive now, and might push the price for some sideways fluctuation and attempts to test the descending channel’s resistance before turning back to decline again.


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