FX.co ★ EUR/GBP

Pair EUR/GBP. The Vertex 25 indicator on September 25 during the European trading session signaled that the currency pair was overbought, leading to an active decline in quotes. The signal from the indicator has not been confirmed yet. The 200 and 50-period moving averages show a stable uptrend. Sellers managed to form a 1-2-3 pattern, indicating their intention to move quotes downwards. Additionally, sellers were able to confirm the 1-2-3 pattern by breaking through the level of 0.87148, indicating their strength. In this situation, I will wait for the price to rise to the weekly pivot extension at 0.87478, where I will open a sell position.