Euro / Libra Esterlina
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EURGBP today - Break Rectangular Consolidation

13
EURGBP is consolidating in a rectangular formation - .8545 - .8570.

Following a Drop, this consolidation is a continuation pattern, suggesting a further Drop.

Before that, look for the Smart Money to trap bulls with a false break to the upside. Most likely
in the London Session, as per yesterday and a move towards the Daily R1 Pivot.

The false break would be a good time to go short at a higher price and look to target the immediate demand zone at .8525
Nota
Close.... missed by 7 pips ....

Aviso legal

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