Euro / SterlinaShort
EUR/GBP: is it time to go short?
- A massive wick candle printed on the Monthly and Weekly timeframes
- Rejection of the local resistance that lines up with the 61.8% Fibonacci retracement level
- Formation of a top at the area of the upper boundary of the projected descending channel
- Weakening of the EUR against some other currencies (correlation-based confluence)
- Rejection of the local resistance that lines up with the 61.8% Fibonacci retracement level
- Formation of a top at the area of the upper boundary of the projected descending channel
- Weakening of the EUR against some other currencies (correlation-based confluence)
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