The EURGBP price action forecast to further retracement.
The price already capped at 0.9030 now again capped between 0.8925-0.8930.
Last two week’s price action appeared a clear distribution pattern finally ended with a clear breakdown. We believe 0.8700 and 0.8570 are still possible.
Any minor rebound toward 0.8800 could face selling pressure again.
The price already capped at 0.9030 now again capped between 0.8925-0.8930.
Last two week’s price action appeared a clear distribution pattern finally ended with a clear breakdown. We believe 0.8700 and 0.8570 are still possible.
Any minor rebound toward 0.8800 could face selling pressure again.