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wookyu2001

EUR/GBP ANALYSIS

Euro / Paun British (OANDA:EURGBP)  
wookyu2001  
OANDA:EURGBP   Euro / Paun British
Trend Analysis Chart Patterns EURGBP eurgbpanalysis Descending Channel
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trendanalysis chartpattern eurgbp eurgbpanalysis descendingchannel
EUR/GBP has been following the descending channel since the beginning of the year.

The pair managed to retest back to the weekly resistance area.

If it manages to break this area which indicates the break of the channel, i expect the pair to buy until it reached the next resistance area.

If it fails to break this area, then I expect the pair to continue its descending channel and sell until its precious low
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