EUR/GBP: bulls are under pressure
Read the article on FBS website
Recommendation:
SELL 0.8715
SL 0.877 TP1 0.8615
TP2 0.8525 TP3 0.8425
On the daily chart, EUR/GBP continues its medium-term consolidation in the 0.8700-0.9015 area. A break of its lower border will increase the odds of the pair’s getting to 200% target of AB=CD. On the other hand, advance above the resistance at 0.9015 will help to resume the uptrend.
On H1, EUR/GBP reached 88.6% target of an inverted “Bat”. To continue the decline, bears need to pull the pair below 0.8715.
