EURGBP: Top-Down Analysis 🇪🇺🇬🇧

EURGBP is trading within a wide horizontal range on a daily.
Its upper boundary was reached last week.

Analyzing the reaction of the price to that, we can spot a narrow horizontal range
on an hourly time frame.
Its support has just been broken - it is an important sign of strength of the sellers.

I anticipate a further decline now to 0.8666 / 0.865

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