EURGBP Potential Short
EURGBP currently consolidating between 0.85000 & 0.87000 psychological levels.
Resistance at 0.618% weekly fibonacci retracement level.
Trading below the EMA 31, 50 & 200 on the daily timeframe, if EMA 800 is broken it may be further confluence suggesting bearish movement.
Ideal entry would be at 0.86100 support & resistance level.
If the 0.86000 psychological level is broken this could suggest further bearish movement towards the 0.85400 technical support level.
Resistance at 0.618% weekly fibonacci retracement level.
Trading below the EMA 31, 50 & 200 on the daily timeframe, if EMA 800 is broken it may be further confluence suggesting bearish movement.
Ideal entry would be at 0.86100 support & resistance level.
If the 0.86000 psychological level is broken this could suggest further bearish movement towards the 0.85400 technical support level.
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