OANDA:EURGBP   Euro / British Pound
Based off of two standard deviations drawn from the Daily time frame as well as the H4 time frame we are seeing bearish opportunities in EURGBP currently. We have drawn a Fibonacci off of the high to low of the Daily time frame and we can see that Bears had a major opportunity starting where price was at 0.86478 on September 29 and taking profit right around 0.84767 on October 7. Once the market opens up this upcoming week, we can see that if price comes up to the 6.18 possible reversal level of that larger Fib drawn, then we can expect another bearish opportunity to enter the market and take profit sooner this month rather than later.
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