The EURGBP hasn’t done much in the last few weeks. At least in terms of quality swing trading opportunities. However, last week’s break below trend line support and subsequent close back above it looks interesting. Notice how EURGBP closed below the trend line from the year-to-date low on July 7th. But sellers didn’t remain in control for long. EURGBP has erased everything that was lost with this week’s rally. Furthermore, the pair has closed back above the trend line in question. And if we extend a trend line from the year-to-date high, we get a multi-month wedge pattern. That recent false break below support ... (full story)