Euro / Pound Inggris
Penjualan

EUR GBP Short briefly, then flip position to go long

50
EURGBP

Definitely a clear head & shoulder pattern. We do have a clear & solid support uptrend line.

Typically in this situation, we will see it fall for sure, which we can confirm with the downtrend showing in the RSI, but with such a solid support trend, I expect the price to fall to the lower price support zone, consolidate a short time round the 0.8318 mark, then shoot right back to the trend line to continue upwards.

MACD, TSI, & RSI all indicate bearish momentum across the 5 minute to 4 hour time frame. Market is closed so we may see some fast action on market open.

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