EurGbp Potential Opportunity
Price has broken the 200sma in the 1h, it could give a nice move down to around the 365 ema/ .85500 level.
There is a similar set up which looks to be forming in the GbpChf 1h as well which leads me to think the GBPUSD move might not be on the cards just yet as both these pairs are suggesting potential short term GBP strength. It may still go though is the USD shows real strength, hard to say.
Price has broken the 200sma in the 1h, it could give a nice move down to around the 365 ema/ .85500 level.
There is a similar set up which looks to be forming in the GbpChf 1h as well which leads me to think the GBPUSD move might not be on the cards just yet as both these pairs are suggesting potential short term GBP strength. It may still go though is the USD shows real strength, hard to say.