Ransquawk

EUR/GBP on the daily frame shows that the price has been moving in a bearish channel since mid-September last year, perfectly and very often respecting its edges. The last boost seemed so dynamic that it was possible to expect a outbreak. The slowdown at the end of last week and a stronger supply movement on Friday showed that once again, the breakout failed. The price now can go down to slightly lower areas. The second element, which is equally well respected, is the support zone around 0.8720-30. It seems that this may be the target of the seller’s in coming days.

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Ransquawk