EURGBP Sees a correction move after an extreme move to the downside breaking the 0.84 handle.
From a psychological standpoint sterling has been gathering momentum after much awaited brexit gains.
A potential upside move awaits EURGBP as a correction should be due for momentary bullish momentum .
Institutional sellers aim to find a better price in joining the overall downside momentum along with an all too perfect upside move on Sterling ( GBPUSD )
Certain scenarios pose a risk of whipsaws from selling pressure as shown by the arrow, a proposable question is how many sellers do we really have left ?
From a psychological standpoint sterling has been gathering momentum after much awaited brexit gains.
A potential upside move awaits EURGBP as a correction should be due for momentary bullish momentum .
Institutional sellers aim to find a better price in joining the overall downside momentum along with an all too perfect upside move on Sterling ( GBPUSD )
Certain scenarios pose a risk of whipsaws from selling pressure as shown by the arrow, a proposable question is how many sellers do we really have left ?
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Target #1 Achieved, Ready Target#2
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