TheForexInstitute

EURGBP Short Idea - 4 Hour Timeframe

Short
FX:EURGBP   Euro / Sterlina
So having a look at EURGBP we can see we have seen price go up for quite a while now. We have currenctly seen that EURGBP has been consolidating around the current level. We may see a push to the up side before a strong bearish reaction for a fall in EURGBP or we could possibly see the price decides to drop from this area. Expecting to retrace to 0.786 level however we will keep an eye on it to see how it plays out.
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