EUR/GBP: short positions are advisable

Forex analytics: On the weekly chart the price has reached important resistance level of 0.7820 (ЕМА200 and Fibonacci retracement of 50%). The last wave of decline from the highs of August 2013to the lows of 2015 at the level of 0.6900 has amounted over 1800 points. EUR/GBP has regained half of the losses. In terms of trading strategy involving Fibonacci levels, the gap of 38.2% - 50.0% is the most critical ...