First few candles of the new week should dictate if we can squeeze some pips from EURGBP from the start of a new week. I do believe this pair is going to reverse very soon, perhaps from news on tuesday/wednesday however it is likely that this will continue long until then.
Although bullish strength is weakening there has still been higher highs and lower lows. The pair has stayed consistent with the trend line and we are looking to target the .0910 area and above.
Should price drop below .8950 and .8920 I believe short positions may be have to be considered, we could be looking at a huge drop in price, however with uncertainty in the pound with brexit its hard to imagine.
Comments with opinions are appreciated.
Although bullish strength is weakening there has still been higher highs and lower lows. The pair has stayed consistent with the trend line and we are looking to target the .0910 area and above.
Should price drop below .8950 and .8920 I believe short positions may be have to be considered, we could be looking at a huge drop in price, however with uncertainty in the pound with brexit its hard to imagine.
Comments with opinions are appreciated.