EUR/GBP: IDEA
Here is an analysis on the EUR/GBP
Currently trading @ 0.85800
We expect a reversal on the pair as the pair is trading @ support/resistance levels
& the presence of a bullish Harmonic @ this level signals reversal
We expect the pair to 0.86200 if its a retracement before continuing its downtrend
If its a reversal then the pair might go back to 0.87
On the other hand if the pair ignores this reversal signal and breaks below current price/support
we'd expect it to test next support @ 0.85400
Currently trading @ 0.85800
We expect a reversal on the pair as the pair is trading @ support/resistance levels
& the presence of a bullish Harmonic @ this level signals reversal
We expect the pair to 0.86200 if its a retracement before continuing its downtrend
If its a reversal then the pair might go back to 0.87
On the other hand if the pair ignores this reversal signal and breaks below current price/support
we'd expect it to test next support @ 0.85400
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