🇪🇺 EURGBP 🇬🇧 - Prepare to fall! Euro is weakening
The currency pair is in the bearish trend phase. During the day, the price is consolidating near the support level and is preparing for further decline, as several preconditions point to it:
Prerequisites for further decline:
1) Retest of PDL 0.8615 support
2) Strong resistance area. Strong bears in the market
3) EUR looks weaker than GBP on a fundamental basis
4) Price is not ready to rise as consolidation is forming before the breakout of 0.8615
Prerequisites for further decline:
1) Retest of PDL 0.8615 support
2) Strong resistance area. Strong bears in the market
3) EUR looks weaker than GBP on a fundamental basis
4) Price is not ready to rise as consolidation is forming before the breakout of 0.8615
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❤️ Telegram channel: t.me/AndeWave
Related publications
Disclaimer
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.