EURGBP Looking Good for a Move Lower From Channel Resistance

EURGBP Has been trading within a channel for the last 9 months. It is currently testing the upper channel line, the last 2 days candles both with long upper shadows show the bulls are not able to push prices higher at the moment. Fridays doji candle shows indecision, the bulls managed to push prices higher but the bears drove them back down again to close near the open. Should prices push above the high of 0.88907 we could see a swift push higher and a breakout of the channel to the upside. A stop loss order needs to be placed just above this level to protect from this possible alternative outcome.