Title
EURGBP H4 | Bearish reversal?
Type
Bearish Drop
Preference:
Price is right below the pivot point at 0.86218, an overlap resistance, and could reverse to 1st support level at 0.85542, multi-swing low support.
Alternative scenario:
The price could breakout of the pivot line at 0.86214 and rise to the 1st resistance at 0.86595, an overlap resistance level.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.