Welcome traders around the world to this new trading idea!
We are looking at the EURGBP pair today and looking for short positions on this pair.
The two horizontal black lines do mark a daily gap, which was filled with the latest price moves. Price did form a new peak high during this uptrend and we want price to do a nice top before its breaks down.
Trend...
Financial and Banking sector is relatively weaker than overall market. And with today weakness in S&P, the stock closed near lows after break of important support at $58/ Next target is $55 with stop at $60
