EurGbp- 84 to determine future direction

2020-02-26 15:51:45

EurGbp is in a clear downtrend for quite some time, with the pair dropping 1000 pips from 0.93 to 0.83 since Aug last year (which is a lot for this pair)
On 0.83 area the pair found support and it seems like it is carving a double bottom.
A first confirmation that a bottom could be in place comes once the pair clears short time resistance at 0.84 and a break of 0.85 would confirm that a double bottom is in place and give scope to a deeper correction towards 0.88 area