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Trading Idea - EUR/GBP, 19-02-2021
Trading Signal: EURGBP
| Order | Sell |
| Direction | Bearish |
| Pattern | Trading in downward channel |
| Interval | 1 hour |
| Length (Candles) | 140 |
Idea Summary
Medium term EURGBP forecast is bearish. The technical analysis of the EURGBP chart in 4-hour timeframe reveals the EURGBP pair is retracing down in the downward channel. It is highly likely that EURGBP will reflect from the lower bound of the channel and reverse up afterward, while still remaining inside the channel.
Note:
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