Take a look at the EURGBP chart below and you'll see how rallies since the Marabuzo created on the 25th April have been capped, on a closing basis, at this point.
We're looking at a potential retest of .8398/8400 lows but until the market closes above the Marabuzo line (or another is formed in due course) then the tone cannot be regarded as anything other than bearish.
No comments:
Post a Comment