EUR/GBP has
been attempting to break above the resistance at 0.7415 – 0.7420 since before
the holidays and for the past few weeks managed to form what appears to be a
triple top under that level. What is more, the pair also formed a falling star
candlestick on the four-hour time-frame. Under these circumstances I think we
can expect a move to the downside, possibly towards the support at 0.7312,
which coincides with the (MA)89 on the four-hour time frame. However, whether
this is the end of the bullish trend remains to be seen.
The fourth will deffinitely succeed.
ReplyDeleteThat was great analysis.
ReplyDeleteGreat analysis.
ReplyDeleteWell spotted. Thanks for sharing.
ReplyDelete