EUR/GBP Forecast April 20, 2017, Technical Analysis

The EUR/GBP pair rose slightly during the day on Wednesday, testing the previous neckline of what I see as an inverse head and shoulders. Because of this, I’m looking for selling opportunity but I need to see some type of exhaustive candle or a breakdown below the bottom of the range for the Wednesday session to start shorting again. With this, I believe that this pair goes much lower, but we may need to take a bit of a breather in the meantime after the massive move in the British pound overall during Tuesday’s trading. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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