Phoroneus

EURGBP - Possible Head and Shoulders - WATCH THIS ONE

Short
FX:EURGBP   Euro / Livre Sterling
Depending on how the candles behave on this one, we might be seeing a classic Head and Shoulders pattern, which means that this extended pattern that has played out over the last few months could signal a YEARS LONG trend reversal for Sterling against the Euro. Watch the candles over the next few days, and we might have our answer. Look for Pin Bars and Inside Weakness.
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