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Short Analysis on EUR/GBP by ThinkingAntsOk

Short
Euro / Livre Sterling (FX:EURGBP)  
ThinkingAntsOk  
FX:EURGBP   Euro / Livre Sterling
Trend Analysis Multiple Time Frame Analysis Support and Resistance EUR GBP EURGBP short analysis USD
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trendanalysis mtfa supportandresistance eur gbp eurgbp short analysis usd
4H CHART EXPLANATION:

Price has been on a strong uptrend since May. Now it is starting to show some weakness, facing the Daily Resistance Zone. As we are now above the Descending Channel, it would be safe to wait for a reentry to the zone to consider short positions. There are three support zones as potential targets.


MULTI TIMEFRAME ANALYSIS:

-Daily:

snapshot

-Weekly:

snapshot

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