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EUR/GBP Selling Opportunity

MultiBank Exchange Group
By MultiBank Exchange Group

EUR/GBP dropped in the first part of the day and could start another bearish movement on the short term. Price opened with a gap down, signaling that the bears could take the lead again. A false breakout above the median line (ML) of the ascending pitchfork could send the rate tumbling towards the LML.

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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