A few days ago, I wrote about EURGBP. The pair has been trending lower within this descending channel since it topped out earlier this year. If you watched Tuesday’s video, you know I was waiting for a break above channel resistance near 0.8920 or bearish price action from the same area. Notice how there is also a short-term ascending trend line that extends from the September low. A break below that would have indicated the next leg lower. But instead, EURGBP is in the process of breaking out above descending channel resistance. The pair is also testing the 0.8920 horizontal level as I type this. A close above ... (full story)