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The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
EUR/GBP: 'Triangle' about to be broken
Information is not investment advice
The pair is consolidating along the Moving Averages. It seems like we're going to have a 'Triangle' pattern. If so, we should watch the next resistance at 0.8860 - 0.8885 as an intraday target. If a pullback from these levels happens next, there'll be a moment for a bearish correction in the direction of the closest support at 0.8838 - 0.8811.
Sergey Logachev
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