Hello Traders, are you interested in what’s happening on market after US closing? 😉
You really should have an eye on that currency pair. All because of probable end of bullish trend which last for past couple months. EUR/GBP broke the trendline and it’s heading to support zone on last lows. Breaking through green area should activate the rest of bears power and EUR/GBP will probably end on another, lower support zone.
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There is another candle on a daily chart with longer upper shadow. Everything takes place right under resistance zone which is clearly a sign of weakness of bulls. We might get a corrective move.
After yesterday’s strong gains bulls weren’t able to continue this path. We’re still in 114.50/111.00 area and it is better to wait for a breakthrough.