DavidBelleFX

Descending Wedge EURGBP

FX:EURGBP   Euro/Libra esterlina
A descending wedge is forming on EURGBP. Price is coming into a previous area of strong support, indicated by the blue rectangle. Combining this with this morning's relatively poor data coming out of the UK today, it is possible that we could see an upside break. We shall see how it plays out.

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