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VladimirRibakov

EURGBP Forecast

Short
Euro / Livre Sterling (OANDA:EURGBP)  
VladimirRibakov  
OANDA:EURGBP   Euro / Livre Sterling
Trend Analysis Multiple Time Frame Analysis EURGBP forecast SELL Bearish Patterns bearishdivergence psychologicalroundnumber keyresistance bearishtrendpattern pullbacks
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trendanalysis mtfa eurgbp forecast sell bearish bearishdivergence psychologicalroundnumber keyresistance bearishtrendpattern pullbacks
D1 - The price tested and false broke the 0.91 psychological zone. Bearish divergence.

We also have the 61.8% (0.90920) fibonacci expansion level of the first wave coinciding in the same zone, which makes this area a key resistance zone for us. The price is currently holding below this key resistance zone.

H1 - Bearish trend pattern.

Expecting further continuation lower after pullbacks.
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