Sharif_KM

EURGBP Short - Bearish divergence

Short
FX:EURGBP   Euro / British Pound
Technicals ( Bearish ) - Price has just tested resistance zone and showing signs of bearish momentum , the divergence provides confluence. Market is a strong down trend aswell, expecting a breakout of the 8660 area

Fundamentals ( Bearish ) - European Central Bank (ECB) signal more quantitative easing, however it is unsure whether this will be effective reducing confidence in the currency.

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