EURGBP: Preparing For a Bearish Move 🇪🇺🇬🇧

16 באוג׳ 2021

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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