The 📉EURGBP currency pair has formed two bearish patterns, indicating a potential downturn.
Initially, the price was trading within a rising channel, followed by the formation of a cup and handle pattern within that channel.
Last Friday, the price broke below both the pattern's neckline and the channel's support line, suggesting a bearish continuation. I anticipate a decline to 0.8428.
Initially, the price was trading within a rising channel, followed by the formation of a cup and handle pattern within that channel.
Last Friday, the price broke below both the pattern's neckline and the channel's support line, suggesting a bearish continuation. I anticipate a decline to 0.8428.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.