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EUR/GBP Another Leg Lower?

The EUR/GBP slipped lower today and resumed the yesterday’s bearish candle. The bulls seem too exhausted on the short term, so the bears could take the full control. Should come to retest the median line (ml) of the blue ascending pitchfork after the rejection from the 0.9226 static resistance. Technically should drop aggressively after the failure to reach and retest the upper median line (UML) of the major ascending pitchfork, but is premature to say this because it could still retest this dynamic resistance.

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MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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