DmitryQuail

EURGBP - Down The Wedge Or Upside?

Corto
FX:EURGBP   Euro/Libra esterlina
EURGBP is testing 50% fib.retrace ---> if breaks the downside is more likely to happen. MACD crossed but and is now going further downside - almost entered into the negative zone. Notice that inside of this wedge there is a triangle patter. So i think the further drop down is really possible. Aroon UP is loosing its power over Aroon Down which means that the downside is coming.

Please REMEMBER that I give you my observations, you form your own opinion and trade it accordingly!
Please NEVER forget to do your own research before considering any investment. Fundamental analysis is also crucial so you have to read the news, updates and about the upcoming events related to a particular blockchain project.

Hope you will find my analysis useful! Stay safe ----> Hedge ----> Diversify ----> Be cautious! - Together we will beat the market!

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