Hello Everyone.
Eur/Gbp has created a strong Impulse to the downside, so after an Impulse we usually expect a Retracement at least to the 0.382 Level of the Fibonacci, wich in this case lines up perfectly with previous Support now turned Resistance. So if it manages to Retrace to this level we can definitely look for the continuation to the downside.
Eur/Gbp has created a strong Impulse to the downside, so after an Impulse we usually expect a Retracement at least to the 0.382 Level of the Fibonacci, wich in this case lines up perfectly with previous Support now turned Resistance. So if it manages to Retrace to this level we can definitely look for the continuation to the downside.