Sell opportunity for EURGBP
I am expecting weakening of the EUR against most currencies.
Entry from above 0.7620 level. Optimal entry would be the 0.7640 level.
Stops from above 0.7670, prefferably from above 0.77.
The uptrend from the end of November / beginning of December could end if the trendline around 0.7540 is broken.
Possible scenario is that this trendline is not broken and the upside will be tested again. If signals are still bearish during this, we might be in a distributing phase.
Entry from above 0.7620 level. Optimal entry would be the 0.7640 level.
Stops from above 0.7670, prefferably from above 0.77.
The uptrend from the end of November / beginning of December could end if the trendline around 0.7540 is broken.
Possible scenario is that this trendline is not broken and the upside will be tested again. If signals are still bearish during this, we might be in a distributing phase.
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