EUR/GBP: a middle-term drop from the crucial area of resistance?

٥ يناير ٢٠٢٣

Looking at the 8h-timeframe graph, we may notice that the price is currently forming a Head&Shoulders pattern on an important level of resistance. From here, we are expecting for the price to keep dropping till the zone of support portrayed on the graph that lines up with the 50% Fibonacci retracement level.