EURGBP Short...hanging on to the very edge.

4 de abr. de 2017

Euro is not looking pretty and this pair shows it. Brexit and upcoming elections could further put the Euro into the trash bin. On the weekly we closed below a major trend line...depending on exactly where you put it. I see the small gain here as a value opportunity to get in and sell. Keep an eye on daily formation and we may see this pair drop hard soon. We possibly could see it pop up and retest the .88 level but that will only offer more value in my opinion as it would be a triple top.