In my analysis of EUR/GBP on the 1 Hour Chart, Price has created an Inverted Teacup Pattern
The handle has formed with price exhausting at 4 hour resistance. Once price exhausts and
moves bearishly continuing the trend. Price should move toward the trend line. Price will
need to break the trendline and retest to continue the bearish trend, moving to Daily
Support. If price does not break the trend line. Price may continue moving within the Bearish
Rising Wedge until price breaks Resistance or the Trendline.
EURGBP
The handle has formed with price exhausting at 4 hour resistance. Once price exhausts and
moves bearishly continuing the trend. Price should move toward the trend line. Price will
need to break the trendline and retest to continue the bearish trend, moving to Daily
Support. If price does not break the trend line. Price may continue moving within the Bearish
Rising Wedge until price breaks Resistance or the Trendline.
EURGBP