Looking for an overall sell this week on EURGBP

16 ott 2023

Price is currently showing some wick exhaustion after hitting a 4hr area of resistance. Also, price has been making lower lows after hitting a high on a 1hr structure pulling back to the 61.8% fib level. Also showing evidence of divergence on the 1hr time frame as well. If price is able to hold and gives candle confirmations for a sell, I believe we will see a continuance of the sell for the week.