EURGBP - Intraday - We look to Sell at 0.9000 (stop at 0.9025)
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Price action has formed an expanding wedge formation. The trend of higher lows is located at 0.8930. The formation has a measured move target of 0.8826. Bespoke support is located at 0.8932. Preferred trade is to sell into rallies.