EURGBP Daily Analysis 18.05
Very interesting pair and situation.
Weekly and Mothly are in uptrend. But I don't see strength in uptrend. And pullback is possible.
Daily is sideways. H4 and H1 are in down trend.
Price engulfed last low but main swing is still up.
If price breaks 0.8712 then I will probably be looking for short on M5/M15
if price goes up, I will wait for it to break 0.8840 and then will be looking for longs.
Weekly and Mothly are in uptrend. But I don't see strength in uptrend. And pullback is possible.
Daily is sideways. H4 and H1 are in down trend.
Price engulfed last low but main swing is still up.
If price breaks 0.8712 then I will probably be looking for short on M5/M15
if price goes up, I will wait for it to break 0.8840 and then will be looking for longs.
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