EURGBP is approaching the 78.6 fib retracement. With loss in momentum, we can expect a new leg down to the -27.2% fib extension. RSI and Stock are showing Overbought. Can expect another tap into the 78.6 before heading down to the new lower low.
Based on my technical analysis I believe EURUSD will jump off a cliff after a break and retest of its current range. It will fall to 1.1540 to the pip.
I've entered within the range, with my lowest entry at 1.16760.
Stop Loss is set to 1.17250
Take Profit is 1.1540.
Enjoy the 150+ pips.
