theselfishtrader

GBPEUR - New Bearish Cycle?

Short
FX_IDC:GBPEUR   British Pound / Euro
Price has broken below horizontal and trendline support, meaning there is now bearish emphasis. Support has been found at 1.15, but I am expecting a retest of previous support before price continues to fall.
Targets would be the 50% and 61.8% fib levels