We have a possible breakout/breakdown of the EUR/GBP. There has been a descending triangle forming on the 1 hour charts. The 20 EMA is carrying price lower, while the pair can't really create any push past the 20 EMA. We have a fairly solid support area around .8218. Also, lower highs. Possible break down to .8190 for 25 pips. Stop right above the 20 EMA. Reward:...
Buying pressure on the 1 hour with a solid resistance area around 102.36. Possible squeeze if we see 20 EMA carry price in addition to lower volatility near resistance of 102.36. First target would be 102.52 and second target would be 102.62.