EURGBP: Technical turned to bearish. Very interesting.
I thought Euro will be higher vs Pound.
But EURGBP turned to bearish very quick.
What I see on the chart:
- Head and Shoulder pattern, and EURGBP broke the neckline.
- SMA100 : Break.
- Move below Kumo cloud first time since Dec 2015.
EURGBP now stands above the key support 0.7710
If it could break this floor, there is a wide room below 0.7710, and E/G would extend the loss to there.
Let see the market runs.
But EURGBP turned to bearish very quick.
What I see on the chart:
- Head and Shoulder pattern, and EURGBP broke the neckline.
- SMA100 : Break.
- Move below Kumo cloud first time since Dec 2015.
EURGBP now stands above the key support 0.7710
If it could break this floor, there is a wide room below 0.7710, and E/G would extend the loss to there.
Let see the market runs.
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