EURGBP currently retracement on the daily trendline which is also a very important supply-demand shifter channel zone.
But the current reaction is not strong enough as you can see, we will observe on 4h time frame movement in the wedge.
We expect to see stop hunting and third upside moment then may give us some bearish signal.
After that, we can adjust our...
*Yellow = 200 EMA | Blue = 100 EMA
This is my analysis of EUR/GBP , a pair which has a crossroads ahead of it, particularly this upcoming week. Currently, I see 3 different options :
A) Play into Consolidation
This is the most probable option especially because we're currently moving on a steep trendline and on bearish divergence. Current price action...