UPDATE ON EURGBP DAILY

UPDATE ON EURGBP DAILY (26TH-FEB-2020)

This currency pair had been in an intermediate-term bearish trend right from August of 2019. Price had been carving series of HIGH-LOWS and LOWER-LOWS in a bearish channel trend and now we can see price is now retesting a potential key-level resistance @ 0.84875 and a daily close above this leave will interest buyers to gather momentum to retest next swing HIGH-LOW @0.85853 which if successfully broken will signal first HIGH-HIGH swing.

A daily close above this swing level @0.85853 will show strong signal of high probability of change in momentum direction

Take note the overall trend of this currency pair is in an intermediate-term bearish trend.

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