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EUR/GBP Technical Analysis

Short
Euro / British Pound (FX:EURGBP)  
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FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns EURGBP eurgbpshort eurgbptrend
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trendanalysis chartpattern eurgbp eurgbpshort eurgbptrend
The day chart of EUR/GBP pair is currently in a descending channel formation.
The pair was in a long rectangle pattern formation(sideways) and then broken.
But it immediately faces the trendline of downchannel and so it is possible for the pair to exert selling pressure in this price zone.
If sideways breakout becomes a fakeout, then a good downward move is possible.
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