EUR/GBP (H4): Time for a correction
EUR/GBP (H4): Time for a correction
Forecast: Corrective rebound from 0.7160 targeting nearest support at 0.7100
Alternative scenario: Moving back above resistance zone
Comments: If price moves...
EUR/GBP (H4): In the resistance direction
EUR/GBP (H4): In the resistance direction
Forecast: Moving towards 0.7160 (previous high)
Alternative Scenario: Moving back below downtrend line
Comments: Buyers after breaking above previous resistances are...
EUR/GBP (H4): In a downtrend
EUR/GBP (H4): In a downtrend
Forecast: Further losses, targeting previous low
Alternative Scenario: Another test of downtrend line
Comments: Recently EUR/GBP once again rebounded lower from trend...