Contributors Technical Analysis EUR/GBP False Breakdown?

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.

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