EURGBP waiting for confirmation candle

15. Juni 2020

As of now, we can see a reverse head and shoulders pattern forming. If we get a close about 0.90000, our "James Bond Zone", and above the left shoulder, then all signs would point to a strong buy. Conversely, if we close below the 0.90000 (James Bond Zone) and below the left shoulder then we'd be set for a sell, at least to 0.89850 [for some quick pips]. Fundamentally, we are in store for A LOT of news this week for both currencies in the pair. Be prepared for sudden changes depending on what the news reads. Right now market sentiment is down but price is slightly up.