EUR/GBP possible down move.
EURGBP Analysis:
- EUR/GBP is in a downtrend for nearly 1,5 months. Building lower Highs and lower Lows.
- Trendline acted act as a rejection multiple times as you can see on the chart.
- RSI overbought.
- 200 EMA (1H) could act as a possible rejection line.
TP 1: 0.85715
TP 2: 0.85382
SL: 0.86160
Lets see if this one plays out.
Trade closed: target reached
TP 1 reached.
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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.