- See linked below my previous EUR/GBP idea where I planned a bullish forecast
- Although price has dropped noticeably lower, the RSI bearish divergence is still printing
- tThis indicates that although we are dropping below a significant support level, the strength of the bearish price is getting lower and lower
- As a result, I still believe we will retrace upwards and push back up above the support given we are also printing a descending wedge
- Long position still open and expecting the retracement soon
Note
Previous EUR/GBP idea
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.