The pattern is clearly in formation and BREXIT could be the cause for this pattern to happen. A break of the 1.3825 area would indicate that this may happen. If it does then we could be seeing a 1400-1800 pip move to a price area of 1.0!
Keep your eyes on this pair. My advise is to not trade any GBP pairs this week and next and set a pending sell order below the neckline shown on the 2 weekly or . I personally will be aiming to close all trades I have associated with EUR & GBP pairs this week.
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