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EURGBP Confirmed 'Rising-Wedge' Bearish Formation

Discussion in 'Technical Analysis' started by Kaitlin, Oct 24, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Even if the EURGBP ticked below the "Rising-Wedge" bearish formation's support line on Monday, it failed to magnify the declines until Thursday when the pair plunged nearly 150 pips after ECB President signaled QE extension. The pair now rests near 0.7200 – 0.7190 horizontal support area, including 23.6% Fibo of[​IMG]

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