EURGBP Target 1 achieved. Sell again.

14 Sep 2023

The EURGBP pair gave us a solid sell signal (1D RSI breaking the Higher Lows) on our last call (August 03) and has already hit our first target (see chart below):

The pattern remains a Channel Down since the February 03 High, maintaining the bearish trend unless the 1D MA200 (orange trend-line) breaks. It is also possible to see a transition to a Rectangle (Resistance 1 and 1D MA200 the top). Until the Channel Down breaks though, we are opening a 2nd sell on the current market price. The target remains 0.84100 (Support 2).

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