A possible short opportunity for GBP/EUR.
Price has been in an ascending channel as has recently entered an area of resistance at the 1.1260 level.
Following confirmation of rejection at this level as well as signals from the RVI snd MACD, I believe price could return to support at the 1.1128 level.
Risk management will be important with this pair so remember to be cautious of funadmentals.
Price has been in an ascending channel as has recently entered an area of resistance at the 1.1260 level.
Following confirmation of rejection at this level as well as signals from the RVI snd MACD, I believe price could return to support at the 1.1128 level.
Risk management will be important with this pair so remember to be cautious of funadmentals.