HayeTrading

EURGBP Butting Heads with Support

Short
OANDA:EURGBP   Euro / Livre Sterling
EURGBP currently bouncing around just above a strong previous support level on the 15Min, while still looking Strong Bearing on the 4H.

Possible to see a short term bounce up, but longer term view we're looking to see a break below this support line to test the previous lows from October and then November.

Price continues to follow a choppy downtrend with lower lows highs, with the exception of a brief December 8th rally that was quickly extinguished.

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