EUR/GBP: 'Triangle' about to be broken

EUR/GBP: 'Triangle' about to be broken

The pair is consolidating along the Moving Averages. It seems like we're going to have a 'Triangle' pattern. If so, we should watch the next resistance at 0.8860 - 0.8885 as an intraday target. If a pullback from these levels happens next, there'll be a moment for a bearish correction in the direction of the closest support at 0.8838 - 0.8811.

30-5-2019-EUR-GBP-H4.png

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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