Crossroads for EURSGD. Confirmation required. Neutral.

10 ביולי 2018

EURSGD is in front of a crossroad as the 4H Channel Up (RSI = 55.679, Highs/Lows = 0), met the 1.59857 Resistance (early May) and was rejected, but hasn't broken the pattern yet. If it crosses 1.58909 then the bearish reversal is confirmed. If it crosses the 1.59857 Resistance, then the bullish continuation is confirmed. Patience in order to enter the best possible trade on the medium term.