EURGBP has been one of those frustrating pairs lately, a large part due to the uncertainty of Brexit.
After a prolonged downtrend with multiple lower highs and lowers lows, we seem to be exhausting, and did see fake out wicks at a large support/flip zone.
From here, we have not made a new lower high, but seem to potentially be making a higher low. This is only confirmed with a higher high close. We are looking for this to trigger a head and shoulder pattern (again, this pattern shows the transition from a lower high to higher low in this case). Await for the break and close of the 0.8600 zone.
After a prolonged downtrend with multiple lower highs and lowers lows, we seem to be exhausting, and did see fake out wicks at a large support/flip zone.
From here, we have not made a new lower high, but seem to potentially be making a higher low. This is only confirmed with a higher high close. We are looking for this to trigger a head and shoulder pattern (again, this pattern shows the transition from a lower high to higher low in this case). Await for the break and close of the 0.8600 zone.