The Euro Pound.

Good morning Dynamic Traders,

Todays chart, with a possible view towards a swing trade to the downside is the EURGBP.

This pairs short term trend is down and it is under the V.I. after its pulback since the break, MACD is down and RSI is below the mid-line.

Price is currently below the significant '00' but without a close. If today does end up being a down day the next obvious resistance would be the previous support area, again at a figure, albeit a less significant one, and should this break the '000' area could be targeted.
Aggressive traders could enter accordingly whilst the more conservative would wait for the consolidation to to break.

Whilst doing your own analysis, make sure you pay attention to the possible 123/DB scenario to aid you in your decisions.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.