Traderscope

EURGBP is at crossroads - Breakout or Reversal ?

Traderscope Updated   
FX:EURGBP   Euro / British Pound
EURGBP is retesting the oblique resistance of the daily falling wedge around 0.8890-0.8900. We made 90 pips profit during the last test but... this time it could be a trap !
At this level there are 2 options. A breakout of the resistance or a short term trend reversal. Hard to anticipate. Let's see what happens.
Comment:
Reversal on resistance has occurred

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