lawlee9
Short

EURGBP hit weekly resistance

FX:EURGBP   Euro Fx/British Pound
12 0 2
This pair is respecting the same range levels at the topside as it did back in 2008. There was a strong bear candle engulfing the candle that respected the .808 level. There is a good chance that price can come back down to .77711 level and consolidate again. Also, that would be the point at which the 20EMA would meet prices which would act as dynamic support. On the lower time frames, we also see a break of a trendline indicating a move lower with a 20EMA squeeze indicating further moves down.
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