EURGBP Weekly/Daily 1:1 Short opportunity
Weekly: decisive break below 50EMA. Expect further downturn with 50EMA as LT resistance.
Daily: downmove stalled at 0.8710 LT support. Correction to 0.8800-0.8780 will be a good opportunity to enter short. 0.88- 0.8780 seems to be a strong resistance with previous lower high, W50EMA, D200EMA and D50EMA at this level.
SL 0.8870 (above 0.618 FIBO, TP 100 points, apporximately 1:1 ratio
Daily: downmove stalled at 0.8710 LT support. Correction to 0.8800-0.8780 will be a good opportunity to enter short. 0.88- 0.8780 seems to be a strong resistance with previous lower high, W50EMA, D200EMA and D50EMA at this level.
SL 0.8870 (above 0.618 FIBO, TP 100 points, apporximately 1:1 ratio
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