VasilyTrader

EURGBP: Multiple Time Frame Analysis & Bearish Outlook 🇪🇺🇬🇧

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OANDA:EURGBP   Euro / Libra Esterlina

Take a look how EURGBP reacted to a daily falling trend line
on a 4H time frame.

The market started to consolidate within a narrow range
and was stuck within for 2 trading days.

Today we see a strong bearish movement with a confirmed violation
of the support of the range.

It indicates the strength of the sellers.
We can anticipate a bearish movement lower, at least to 0.8562

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