EURGBP
Short Setup
👉🏻 Was on a bearish bias since last week after price made this break to the downside. Pullback has already been seen, plus with the fundamentals in the UK, price could be driven further down
This is at a big support level. I previously posted that this was in a range from this support and the upper resistance. Now we are at this support we need to see if it can hold before rising or if it breaks and drops. It has had a lower closing candle on the 21 Jan so there may be big pressure. I would keep a close eye on this and if it does break the support and...
Much like during WWI when Germany was "Shackled to a corpse" in the form of it's alliance with the Hapsburg Empire, so was Britain until recently, through it's union with the EU.
Now, although Britain is finally free, chances are that this came a day late and a dollar short.
Let's be real! - The European Union is nothing more than a rotting corps, not unlike every...
EUR/GBP | Bearish move after restest?
Are we going to see 0.9798 the all time high of 2008 on breakout of the 0.9500 ?
Well, EUR/GBP lost upside momentum after hitting 0.9289 and now its consolidating which means it remains above 0.90686 we might see another move to the upside.
Breakout of 0.9289 can resume upside move.
Based on what we have...
![EURGBP: [EURGBP W1 Mar 2021]](https://s3.tradingview.com/0/01eM2dvD_mid.png "[EURGBP W1 Mar 2021]")
![EURGBP: Brexit, the [upcoming] Euro crisis and the simple math](https://s3.tradingview.com/x/xuHubTqm_mid.png "Brexit, the [upcoming] Euro crisis and the simple math")
