The pair plunged to a fresh year low of 0.8640. If the price won’t break below 0.8600 we may see a pullback to 0.8690 then 0.8720. On the other side break below 0.8630, the next level to watch 0.8600/0.8580.
Hey and thanks for sharing. What strategy you’re using to get money out of this trade. A little guidance would be helpful for a newbie like me. Might just use it in my next trade too. Thanks in advance 
Forex market movements can be sudden. You may not have any idea about what happened and how it took place. A trader who accepts this fact and still decides to trade forex is the one who will win. There are no shortcuts and you better don’t waste your time looking for them.
EUR/GBP is attempting to pierce key resistance at the psychologically imposing 0.9000 mark, after carving out a Double Bottom reversal pattern at April high (0.8864) support.
With the RSI clambering back above its neutral midpoint and a bullish crossover forming on the MACD indicator, an extended push higher looks in the offing.
Ultimately a daily close above the trend-defining 50-DMA (0.8995) is required to validate the bullish reversal pattern and carve a path to probe a cluster of key resistance levels falling at the 50% (0.9079) and 61.8% Fibonacci’s (0.9129).
Conversely, prices could slide back towards the [200-DMA] (0.8948) if psychological resistance successfully suppresses buying pressure.