Eurgbpsell
EURGBP ShortPossible correction at this price. We used Elliot Waves to determine the turn point. On the other hand this price of GBP is at 2 year lows which could also indicate down turn aswell as seasonal effect in September. We think that the correction should hit price 92.200 and at that price we will see if it breaks out.
#EURGBP, Time to change direction!So far we have been long on this coin, it's time to change direction.
We are a few dozen pips from a powerful double top pattern in the daily graph that will surely lead some declines.
The Stochastic is also in Overbought with cross lines.
The pound against the dollar is on serious support which could accelerate increase very soon.
Target: 0.9050
When a bull flag breaks to the downside, you know what's coming.It's a short. EU rallied and failed badly at huge resistance. it's highlighted by the blue line at the top. it didn't even touch and failed just below it. I've managed to enter at 0.91652, but one can still enter short positions at 0.9130-0.9135 range. downside will be huge.