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themarketzone

Touching the bottom of a trading channel - Limited upside

Euro / Libra Esterlina (FX:EURGBP)  
themarketzone  
FX:EURGBP   Euro / Libra Esterlina
Harmonic Patterns USD (US Dollar) Harmonic Patterns support Trend Lines
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harmonicpatterns usd-us-dollar harmonicpatterns support trendline
$EURGBP may bounce from the bottom of a weekly trading channel (although the EUR is very weak), but it has a limited upside potential now that it has broken below a weekly uptrend line.
0.77-0.78 which was support zone, now become resistance.

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