According to the British currency, we came very close to the point 3 of the descending channel, which is formed on the weekly timeframe, and also there passes level 1.3680 - this is the punched horizontal from the monthly timeframe.
Wait for the candle signals with subsequent sale of sterling, we will look at the daily chart.
Oleg Svirgun
On the daily chart we have a beautiful candle-swallowing - an obvious bearish signal. Since we do not have levels in proshom, on which we can glue our candles, we take the psychological level at 4000 as a benchmark. But it is this psychological level that has not been knocked back (not returned under it) and our absorption may be a common trap.
Of course, you can...
EUR/USD formed an absorption on the four-hour chart, which rested against the support zone, limited by a strong level of 1.1714, and a local level of 1.1689. Risk and buy a pair at current prices.
Oleg Svirgun
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