EUR/GBP D1 chart uptrend remains strong. At present, a trend line has been formed on the disk and the trend line is very steep and may be broken at any time to cause a trend reversal. In addition, the price is currently below the resistance level. If the price cannot rise above the resistance level, the uptrend may stop there.
An ascending channel is formed on the H1 chart. And the price touched the top of the channel forming the Evening Star pattern. Short-term trends favor bears. RVI indicator -DI is trying to break out of +DI to form a golden cross. Once successful, it is conducive to further bearishness.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
