EUR/GBP: confirmed 'Double Top' pattern

EUR/GBP: confirmed 'Double Top' pattern

Information is not investment advice

There's a 'Double Top' pattern, which has been confirmed, so the price moved lower. The 89 Moving Average is acting as support, but we've got a bearish 'Flag'. In this case, we're likely going to have a local upward correction towards 0.8648 - 0.8658 and the subsequent decline in the direction of the next support at 0.8616 - 0.8598.

26-4-2019-EUR-GBP-H4.png

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To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).  

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