Updates: Sterling Pound is formed a bearish channel!!!
In this analysis in H4 timeframe. we see the Euro/Sterling Pound formed a bearish channel, also and right now, we are forming an descendent triangle so perflectly that show that EUR/GBP is go to drop.
So, the H4 timeframe is the key and we hope the Sterling Pound gains their momentum to the bull rally on Pound, while Euro is weakness!!!
Right now, the price has touch our short position and I'm in the market to the 0.9108 in short position!!!
So, the H4 timeframe is the key and we hope the Sterling Pound gains their momentum to the bull rally on Pound, while Euro is weakness!!!
Right now, the price has touch our short position and I'm in the market to the 0.9108 in short position!!!
We found that EUR/GBP is into this consolidation, right now, I do not trade this par until we seea brek of any of this support or resistance, the most porbability is that EUR/GBP is go to leading down. So as this par is so sensitive, sometimes is very hard to know what is the prediciton. That is one of the Forex par that move by fundmentals for UK and European Union. So, if I want to trade this par, I will need to take a clear vision to earn pips, But, I will going to updated this par when break the consolidation, but we have more pars of Forex to analyze i