Bearish momentum coil for EURGBP
A confident return into support at .71. would make the entry invalid.
I would expect more price suppression and a tighter range in the consolidation if it was intended to reverse long term.
We could see an ascending pattern form and then a run to lower prices seems likely.
The Pound has been accumulated on a weekly level and the Euro looks to be under a pattern of distribution.
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I would expect more price suppression and a tighter range in the consolidation if it was intended to reverse long term.
We could see an ascending pattern form and then a run to lower prices seems likely.
The Pound has been accumulated on a weekly level and the Euro looks to be under a pattern of distribution.
Want to make this chart yours? My indicators are available at tradingview.com/market/ah-pipfoundry/
More information about my indicators: pipfoundry.com
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