EUR/GBP Nears Former Support, Now Resistance
Vantage | May 04, 2016 07:30AM ET
EUR/GBP is coming back to test key trendlines. Opportunities may exist to look for any bearish price action.
Looking for a pullback in price to at least the 61.8% Fibonacci level around 0.79650 and then waiting for any break into the redzone to look at going short again.
Should price continue upwards and break through the main weekly downward Trendline and the previous swing high and bust through 0.81650, then any bearishness on this pair is negated.
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