EUR/GBP
The Euro – British Pound pair had risen to a new local level, pricking the major 0.8567 resistance level, but eventually closing deep under it. The low close at the end of the trading day had left a long tail creating the bearish key reversal pattern, signaling of a possible trend reversal.
A light negative deviation in the MACD indicator supports the expectations for a beginning of a downwards movement towards the support area that had succeeded in braking the pair in the previous two lows, around the 0.8370 level – our goal on the sell position.
