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MaGedEssam

EURGBP.. Short

Short
Euro / British Pound (FX:EURGBP)  
MaGedEssam  
FX:EURGBP   Euro / British Pound
EURGBP short
1
0
eurgbp short
The violent thrust rebound from 0.7900 to test the broken trendline suggests that it was just a retracement and the downward move is not over yet.

A confirmation for that scenario is the out of proportion move in RSI. The retracement rally pushed the RSI to its previous top.

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