EUR/GBP Head and shoulders forming

٢٤ يناير ٢٠١٧

After 01/17 strong bear move, the possibility of h&s forming on EUR/GBP is now taking a solid shape. Should we break Daily 50 ema, next stop would be the neckline @ 0.83800, coinciding with Daily 200ema/Weekly 50ema.
Bearish MACD divergence is just the icing on the cake. Of course as always let's respect price action and wait for a confirmation of the direction before committing to a trade.
Cheers!