Pair looks likely to continue downtrend considering the bearish chart pattern with potential targets at next support levels. Price pierced through the .618fib and maybe little retracement back to the .618fib resistance(confluence) before continuing its downtrend.
Kommentar:
EUR & GBP have seem to have lost their correlation following friday's dump on GBP. Reason why im interested in the EURGB pair. So EURUSD could be a bit tricky here and maybe very boring to trade at this time. Price respects the 76.4% fib level rejecting a further push to the downside. will watch closely.