EURGBP: Top-Down Analysis ๐ช๐บ๐ฌ๐ง
https://www.tradingview.com/x/cDoWQ09d/
EURGBP is trading within a wide horizontal range on a daily.
Its upper boundary was reached last week.
Analyzing the reaction of the price to that, we can spot a narrow horizontal range
on an hourly time frame.
Its support has just been broken - it is an important sign of strength of the sellers.
I anticipate a further decline now to 0.8666 / 0.865
โค๏ธPlease, support my work with like, thank you!โค๏ธ
EURGBP is trading within a wide horizontal range on a daily.
Its upper boundary was reached last week.
Analyzing the reaction of the price to that, we can spot a narrow horizontal range
on an hourly time frame.
Its support has just been broken - it is an important sign of strength of the sellers.
I anticipate a further decline now to 0.8666 / 0.865
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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