Euro / British Pound
Short

EURGBP short - Is the recent rally over?

56
Looking at this set up on EURGBP. Evening star formation at the 0.5 FIB level on the daily charts indicates price is ready for a reversal.

EURUSD has also reached a resistance level (good correlation between EURGBP and EURUSD) which is an other bearish confluence.

What do you think of this analysis?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.