EURGBP was identified at around 0.86786 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.8661 level.
After testing the support line numerous times, EURGBP is once again approaching this line. Can we expect a bearish trend to follow?
