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    HomeContributorsTechnical AnalysisEUR/GBP Breakdown Occurred

    EUR/GBP Breakdown Occurred

    MultiBank Exchange Group
    By MultiBank Exchange Group

    Price has finally managed to breakdown below the median line (ml) of the minor ascending pitchfork. The next downside target will be at the 50% Fibonacci line (ascending dotted line), where he may find support again. Could come back to retest the broken median line (ml), signaling that we may have a larger drop.

    MultiBank Exchange Group
    MultiBank Exchange Grouphttp://www.mexgroup.com
    Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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