In the battle of European currencies, sterling seems to be faring better than the shared currency, as the latter has been weighed down by political risks stemming from the French elections and Italian referendum. EUR/GBP is trading below a descending trend line on its 1-hour time frame and is currently testing the area of interest at the .8600 major psychological mark and 38.2% Fib. If this keeps gains in check, the pair could drop back to the PWL or lower.
WO: .8580
Top WATR: .8684
Bottom WATR: .8476
PWH: .8707
PWL: .8527
eurgbp h1.jpg
WO: .8580
Top WATR: .8684
Bottom WATR: .8476
PWH: .8707
PWL: .8527
eurgbp h1.jpg
(Discuss) EUR/GBP today watch 21. Nov. 2016
