EURGBP short IF cross MA

Both zones UK and Euro had rise their interest rates in 75bp.

Days ago Lagard said ECB will continue raising rates to fight the inflation, and BOE are warning about a long recession, and the interest rates hikes in 30Y

In this chart we can watch the price touching the resistance and a overbought at BB and RSI, changing the direction such as MACD that had already crossed the signal line.

We can wait for the confirmation of short position after the candles cross the MA, and open our position against Eur if it's a strong short candle