EURGBP - NEXT MOVE - COT REPORT - SEASONAL DATA

EURGBP has recently gathered some bearish movements which was expected seasonally. The pair is currently being held down by a bearish trendline and we are currently sitting under a nice resistance zone. The COT report still shows overall bearish momentum from the EUR while GBP is showing signs of bullish strength. This lines up perfectly alongside our seasonal data.

Plan of action = wait for signs of a push to the downside/ Wait for signs of a break to the upside.