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EURGBP: Short At Range Resistance

EURGBP: Short At Range Resistance

Another bearish leg is possible, as price hit the descending resistance for the main sideways consolidation which might take the shape of triangle. Also the 200-days SMA is at that resistance area. Am looking for a retest of the 50-days SMA as an initial downside target. Best of luck. Join me at

Also at my Facebook page www.thefxchannel.com My best regards, Technician ================================================================== Trading Criteria: 1. Trades are taken in two units 2. First unit would be closed at first target 3. Stop loss is then moved to break-even 4. Second unit would be closed at second target Notes: 5) If 90 percent of first target is reached I move stop loss to breakeven. 6) If 90 percent of first target is reached without triggering entry I cancel the trade. 7) Remember: Losing is a main part of the game