EURGBP SHORT

EURGBP SHORT

Note Dominic Cummings got the boot over the weekend (Key adviser & Very Pro Brexit) - potentially signalling a more co-operative approach from UK on Brexit negotiations

However we have the following confluences for a move downward;
Momentum lagging
Price making lower highs into an area of Support
Price attempted to break back above the Support level - this was rejected
EMA Crossover - 50 EMA crossed below 100 EMA and is approaching a Death Cross (cross below 200)

As always - dont go for the Short blindly - wait for downward momentum in price action to show itself first