The Currency Pair is trading in a falling parallel channel. The pair has recently breakdown from the channel, we will wait for the pair to close below the previous low. Once the pair is able to close below the previous low we would recommend to go short in the pair.

The Only condition which needs to be met is RSi should not trade below 20, if the RSI is trading below 20 we would advise not to sell the pair.

The DMI is indicating a  sell view. The pair is trading below the EMA, the only concern is that the EMA is too far away from the price, there is a tendency of the price to move towards its mean.

Advice : Sell only if the pair close below the previous low and RSiI above 32.

EUR/GBP

Jan 05 2022