So the answer to our question from yesterday is “no, it is not time to buy EURGBP”, as we warned if Cable goes up and Euro goes down there will be no chance. The question now is it fully reversing and why would it stop? can it go all the way down to 0.65. Well the next level is the 200 EMA on the monthly chart at around 1.76500.
There seems like a lot to be had on the downside in this pair.
Good luck trading.