EURGBP LONG OPPORTUNITYThe Euro and UK are in a bit of a tug of war scenario fundamentally, price is struggling to keep itself high above a key level of support. This pair can move either 1 of 2 ways, Price can complete its Triple Top and break below showing sellers are in control or wait for price to break above its consolidation box giving buyers the confidence they need. This area in the market is very sensible for traders and that is why the majority of participants may hold off until they get a clear sight of where price may continue to. I find the UK to be in a bit of a rut with all the fundamentals tying in about the Brexit, I expect the GBP to fall and the Euro to continue staying at its steady rate therefore pushing price to break above this important level of resistance, giving us the opportunity to gain an optimal risk to reward trade.
