The EURGBP price kept its stability within the bearish channel recently, to notice its affect by the strength of the additional barrier at 0.8360 by forming many negative waves and settling near target
The EURGBP price was affected by big negative pressures due to the frequent consolidation within the bearish channel, to suffer big losses since crawling below the additional support at 0.8400 .keep bearish
The EURGBP price faced strong negative pressures recently to force it to postpone the bullish rally and form some correctional bearish waves, to face the MA55 at 0.8508 followed by bouncing above then fall
The EURGBP price lost the positive momentum recently to form correctional bearish rebound and test 0.8532 support line and settle above it, paving the way to activate the bullish track then it will bearish till target
Traders if you like this idea or if you have your own opinion kindly tell me in comments we will be glad 😊