Fri, 03 Jun 2016 07:22:54 GMT
EUR/GBP 4H Chart: Channel Down
As a result of EUR/GBP bumping into a descending resistance line that connects the peaks of the last 7+ years, the currency pair is now trading in a bearish channel. Considering that the exchange rate is also right at the upper bound of the pattern and that most of the daily and weekly technical indicators are giving ‘sell' signals,