This week the top 3 currencies to focus on will be the AUD, GBP and USD.
Looking at EURGBP, price has reached the minimum expected area for an expanded flat structure, forming the X structure of a higher degree. Coupled with the RSI divergence and crawl move of the price development, we are in anticipation that a down move is coming soon.
For this, we will be patient and potentially capitalise this trade during Thursday's BOE Rate Statement.
*Make sure you have a proper trading plan to engage the market.
EURGBP - BOE might be the catalyst for this — Euro Fx/British Pound (FX:EURGBP) / 2017-07-31 — akyong | TradingView