EURGBP created a Lower Low the previous weeks and failed to create a strong bullish momentum and a strong impulse movement. But this time we created a small down trend in the 1Hr timeframe and the trend was reversed by a inverse double top and like any economic cycle we hope to reach our peak where the recession started.
The pair already gave up a break out and started to retest the breakout and push to the upside is what can happen.
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