EURGBP - previous outlook

By LupaCapital
Updated
How about that trendline - GBP is getting alot stronger with multiple lower highs and lower lows.

Currently the trendline is around 0.839 which has been rejected - Waiting for a long short here.
Bear in mind fundamentals can cause the trendline to be fakedout to the upside or further rejected.

Weekly - bearish
Daily - bearish
4 Hourly - bearish

We have been short, but unfortunately did not position hold on this one.
If you are one of the masters who did! We applaud you for maintaining such a good position.
Trade closed manually
eurogbpeuropairseuropegreatbritaingreatbritainpoundSupply and Demand

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