EURGBP has formed a short term Head and shoulder top, I have the neckline at 0.77000, a break of this level will confirm the pattern then a move down to the 200 dma is possible
Nice analysis, Dennis!
Nice also to see a fellow FXCM Marketscope user 
Negative EuroZone GDP figures this morning…
…made this pair rally back above 0.78…
Weird stuff…
i was waiting for this to go up and its almost late here sigh…
Just gone LONG @0.7651
Well, that was shortlived. Went up a but, so put sl at be. Price fell back and out for 0.2 pips. 26 cents profit!
Ah well, Eddie, not to worry, maybe you were rightly going for a swing trade but
this beast has been stuck around the 0.78-0.80 area for ages and I am ever so
glad to see it making progress, one way or another…
Sadly, this went nowhere, as we are now around 0.83…
But, perhaps, the Pound will mount a recovery…
As I mentioned in my fiftieth FreeFX video, the July candle opened above the channel top on the monthly chart;
however, since making this video, price has reversed all the way back to the channel line, as you can see here:
Annnnnnd…
…one more stab at that 0.86 level, trying to return toward
a meaningful downtrend below 0.85:
Hello peeps!
Finally, not only did the pair achieve a break of 0.85 but it actually drove all the way to 0.84, in a move spurred by stronger-than-expected selling during the release of positive UK manufacturing PMI data this morning:
Continuation may lack drive toward the back-end of the trading week, but it is looking good to the downside, finally (possibly)!