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EURGBP: Preparing For a Bearish Move



Very important thing happened on EURGBP last week.

The price broke a year's low and set a new one confirming the predominance of bears.


After a retracement, the price is stuck within a peculiar daily supply area:

0.85 - 0.852 is our potential sell zone.


To sell with a confirmation, watch a horizontal decision range on 1H.

You need the breakout of its support (at least 1H candle close below) as your trigger to sell.


Intraday goals will be:

0.848

0.846


In case of a bullish breakout of the range,

the setup will be invalid.

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