EUR/GBP Forecast: Long then Short

Here is our analysis on EUR/GBP

Currently the pair is trading @ 0.85900
The pair has broken above resistance @ 0.85500 and might attempt to test next resistance @ 0.86500
Only if the pair manages to break above the current Descending channel.
If not pair might fall back to the resistance @ 0.85500
Bearish Harmonic formation on 1H chart signaling reversal

link to previous analysis below

Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.