EURGBP THE BEARS ARE BACK IN BUSINESS!!!!

May 27, 2021

If it busts through the support it's on, it'll likely continue heading back down. The purple stop-loss zone is a solid confluence area, so if it's selling season, I expect to see signs of the bears hanging around. If it has a hard time breaking the 50 period ema to go back up for the retest, I would like to see it start the retest from the next purple zone down. On the other hand, this pullback could be gearing up for a strong buy, as long as it doesn't break the next purple zone down.