• Vasily Trader

EURGBP: Very Bearish Outlook

EURGBP recently reached 0.866 - 0.868 major resistance cluster.

Then the price dropped sharply.

Bears managed to break a support line of a bearish flag pattern on a daily.

It may lead to a further decline.

If you missed shorting opportunity, consider the retest of the broken support as the point to sell from.

Next goal for sellers - 0.846