FX:EURGBP, OANDA:EURGBP, FOREXCOM:EURGBP, FOREXCOM:EURGBP
A confluence of Fibonacci levels on the weekly - Selling EURGBP
Weekly – Trading at the upper end of a bearish channel. Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity.
Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30 sessions.
Monthly – Triangle formation. Trend of lower highs at 0.9022
Daily - 261.8% and a DeMark 13
Intraday (four-hour) – Expanding Wedge has a bias to break lower
We look to sell EURGBP at 0.9000
Euro-zone retail sales declined 0.3% for May compared with consensus expectations...