DmitryQuail

EURGBP - Down The Wedge Or Upside?

Short
FX:EURGBP   Euro / Livre Sterling
EURGBP is testing 50% fib.retrace ---> if breaks the downside is more likely to happen. MACD crossed but and is now going further downside - almost entered into the negative zone. Notice that inside of this wedge there is a triangle patter. So i think the further drop down is really possible. Aroon UP is loosing its power over Aroon Down which means that the downside is coming.

Please REMEMBER that I give you my observations, you form your own opinion and trade it accordingly!
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Hope you will find my analysis useful! Stay safe ----> Hedge ----> Diversify ----> Be cautious! - Together we will beat the market!

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