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Mihai_Iacob

EurGbp- To correct from strong support?

Long
Euro / Livre Sterling (FX:EURGBP)  
Mihai_Iacob  
FX:EURGBP   Euro / Livre Sterling
Trend Analysis Chart Patterns Technical Indicators EURGBP eurgbplong eurgbpanalysis eurgbptrend eurgbpforecast eurgbpsignal eurgbpbullish eurgbpbuy eurgbpidea
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trendanalysis chartpattern indicator eurgbp eurgbplong eurgbpanalysis eurgbptrend eurgbpforecast eurgbpsignal eurgbpbullish eurgbpbuy eurgbpidea
After failing to stay above 0.9150 resistance, EurGbp traded downwards for 2 months now.
At this point the pair is facing strong technical support and I expect at least a corrective rally at this point.
My target is 0.8850 resistance and a daily close under support would negate this scenario
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