EUR/GBP Short Opportunity?
As you can see, the price is trading inside an ascending formation which also looks like a bearish continuation pattern.
If the price manages to break below this ascending formation, our first target will be the 61.8% Fibonacci Extension level at 0.8514.
Breaking below 0.8514 will push the price for further continuation towards the beginning of the channel at 0.8484 and possibly 0.8438 which is a critical daily critical zone.
Goodluck everyone!
M.Y.
If the price manages to break below this ascending formation, our first target will be the 61.8% Fibonacci Extension level at 0.8514.
Breaking below 0.8514 will push the price for further continuation towards the beginning of the channel at 0.8484 and possibly 0.8438 which is a critical daily critical zone.
Goodluck everyone!
M.Y.
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