EUR/GBP
The technical estimate is that the correction will develop into a horizontal range between the 0.8550 and 0.8300 price levels.
Based on the above prediction, the positive momentum of the EUR/GBP pair from the last two months is expected to push it towards the upper range of the range. The entry trigger for the short is poised at 0.8540, slightly over the previous high. A goal for a first realization can be placed around the close support level of 0.8480, while the second level for a full exit from the position can be found slightly over the important support level of 0.8380 British pounds for one Euro
