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SEB: EUR/GBP sellers rejected again - eFXnews

FXStreet (Łódź) - The eFXnews team comment that the SEB point out that EUR/GBP sellers are encountering increasing adversities.

Key quotes

"Yesterday’s long downside spike, the rejection from the floor of the falling channel since last summer helps painting the picture."

"Given the completed(?) five wave pattern down from the Sept peak and the two consecutive downside spikes we see a clear potential for a bounce back to at least the previous wave four top, 0.7889."

'This content has been provided under specific arrangement with eFXnews.'

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