ColmoreFX
Short

EURGBP SHORT OPPORTUNITY

FX:EURGBP   Euro / British Pound
EURGBP             has been climbing to the upside for some time now as the EURO             gained significant strength across the pairs. However now we are starting to see a move lower in the EURO             as exhaustion enters the market. GBPUSD             held at significant key support and bounced showing it may finally be heading for the 1.3300 handle.

Looking at this pair we can clearly see from the higher timeframes price maybe retracing on the weekly & daily timeframes. The 4hr timeframe changed cycles and now we have our opportunity on the 1hr as price held at the moving averages (dynamic resistance). Looking for price to move lower.
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