Hello Traders !
As you can see, EG is falling down in a descending channel. We know that EUR and GBP are strong pairs this week so we can definitely expect some type of consolidation. I personally expect price to confirm our latest lower low, then some consolidation and maybe we could see a breakout to the upside. But this is not clear.
As you can see, EG is falling down in a descending channel. We know that EUR and GBP are strong pairs this week so we can definitely expect some type of consolidation. I personally expect price to confirm our latest lower low, then some consolidation and maybe we could see a breakout to the upside. But this is not clear.