• Vasily Trader

EURGBP: Be Prepared For Breakout

EURGBP is trading in a sharp bearish trend .

For now, 0.854 is a current structure low.

Though the price keeps setting lower highs, it didn't manage to set a new low.

The trigger that we are waiting for is a daily violation of the underlined yellow support.

Wait for a daily breakout (daily candle close below).

It will lead to a bearish continuation to new lows.

Next goal will be - 0.8485