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May 19, 2016 8:08 AM

EUR/GBP- more losses below 0.7683 

Euro Fx/British PoundFXCM

Description

Pair's bearish break from head and shoulder formation yesterday followed by a failure to sustain above 0.7683 (38.2% of 0.6981-0.8117) could send the pair lower to 0.7652 (Mar 10 low).

On the higher side, 0.7755 - 0.773 stands as a strong resistance level above which bearish invalidation is seen.
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