HarryHadgeHutchison
Short

EURGBP Head & Shoulders Forming?

FX:EURGBP   Euro / British Pound
Long term bias of this pair is bearish (based on 1W time-frame 61.8% fib level and Weekly supply and demand zone). The red dotted line seen on the chart represents the weekly 61.8% level, and its clear that this is a sensitive area after price has tested it twice. So long as the 'Head' high at 0.87246 holds, there is a potential that a head and shoulders is forming on the 61.8% fib level giving this move high validity!
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