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francesgurton

EURGBP - Short

Short
Euro / British Pound (FX:EURGBP)  
francesgurton  
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Technical Indicators Forex trend EURGBP Fundamental Analysis Technical Analysis Chart patterns
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trendanalysis chartpattern indicator forex trend eurgbp fundamental technicalanalysis chartpatterns
Pending short trade on EURGBP.

Technicals:
- descending channel
- strong rejection at channel resistance
- sharp rejection at 61.8% fib level
- rejection of previous support around 0.8510
- In line with the downtrend of EURGBP
- bearish confluence among indidicators

Fundamentals:
GBP appears stronger than the EUR as recent figures show a growth in UK economy since lockdown easing, fueling GBP strength.
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