EURGBP: Contraction in Triangle. Your Plan 🇪🇺🇬🇧
Updated
EURGBP is consolidating from April.
The price action contracts and the price sets lower highs and equal lows.
The market is stuck within a descending triangle:
- To catch a bullish move, wait for a bullish breakout of a falling trend line.
It will be a strong trigger.
Goal will be 0.87 - To catch a bearish continuation, wait for a bearish breakout of horizontal support.
Goal will be 0.849
Because a long-term trend is bearish, I remain bearish biased.
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