- The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- Price broke through the MVP line and rushed down. We consider this a sign for further EURGBP price decrease.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
Chart & Analyst Comments
