EUR/GBP
The Euro – British pound pair is fully set and ready for a trend reversal and a movement for a new wave of downwards movements, this after having fought a stubborn battle for two days against the 0.8760 resistance level, and so far not having really succeeded in rising above it and forming an upwards breach.
It is best to await a clean breach of the trend line before one joins a new sell position, the downwards potential of the Euro- British pound pair is strong enough to lead it to the low levels of 0.8240 British pounds for one Euro.