EURGBP Midterm Forecst and Short Opportunity
0.87400 – 0.87200 tested several times. Bullish trend on the bigger timeframes ended.
We see 2 different formations on the Daily Chart. Cup With a Handle and Descending Triangle.
0.87400 is the critical support. Bears can be more aggressive with the break out of the 0.87400 support.
We need to see a daily closing below 0.87400. Our targets will be :
0.8675
0.86
0.85
0.8470 and
0.82400.
Good Luck
We see 2 different formations on the Daily Chart. Cup With a Handle and Descending Triangle.
0.87400 is the critical support. Bears can be more aggressive with the break out of the 0.87400 support.
We need to see a daily closing below 0.87400. Our targets will be :
0.8675
0.86
0.85
0.8470 and
0.82400.
Good Luck
Penafian
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