Thu, Jan 20, 2022 @ 08:16 GMT
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EUR/GBP False Breakdown?

EUR/GBP increased and tried to recover after the Friday’s drop. Remains to see what will happen because is pressuring the median line (ml) of the minor ascending pitchfork. A valid breakdown will signal a further drop. Has failed to retest the 0.9226 resistance today, but could do this in the upcoming days. Only a valid breakout above the 0.9226 and above the warning line (wl4) will confirm a further increase.

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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