Tweezer top eurgbp 1hr

11 nov 2013

With the formation of a tweezer top on 1hr chart just below a previous support level, expect to act as resistance, along with the recent cut in ecb rates and eurozones economic divergence with uk, positioning short eurgbp. Initial target 0.83, entry @ mkt, stop around 0.8415-0.842, may head lower than 0.83, will see how price action plays out