EurGbp can drop to 0.85 again
Since the 0.8350 low made at the beginning of August, EurGbp has a few good with and the pair has risen more than 300 pips in this period.
Last week the pair reached daily resistance in the 0.87 zone and has started to fall.
Yesterday a strong reversal bearish Pin Bar is visible on the daily chart and this can be the signal that a reversal could follow.
I'm bearish as long as yesterday's high is in place and I m looking to sell rallies.
0.85 is my target
Last week the pair reached daily resistance in the 0.87 zone and has started to fall.
Yesterday a strong reversal bearish Pin Bar is visible on the daily chart and this can be the signal that a reversal could follow.
I'm bearish as long as yesterday's high is in place and I m looking to sell rallies.
0.85 is my target
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