FX.co ★ EUR/GBP Intraday SHORT signal - June 27, 2011

The pair is making higher lows, lower highs indicating confusion of traders.

Now we have triangle pattern in progress waiting for break of one of its limits to take a swing trade.

If we zoom into the 4H timeframe , we have broken bullish channel.

Also we have closure below 61.8% Fibonatcci which is a support level now resistance.

So this is a good Intraday SELL signal with targets at 0.8829 then 0.8775.

SL should be above 0.8900.