EURGBP: Trading Opportunity for US Session

EURGBP is trading within a strong falling parallel channel on 4H.

Its resistance has been reached recently and on that, the price formed a bearish engulfing candle.

On hourly, the price is currently ranging.

0.8775 is the support of the range.

To catch a bearish move with confirmation,

wait for a breakout of its support (hourly candle close below),

then sell aggressively or on a retest.

First goal will be - 0.8755

In case of a bullish breakout of the range, the setup will be invalid

and bias will be bullish!