MacroBeat
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EURGBP DAILY- has now tried twice, on Wednesday and Thursday to break the big pivot area at 0.8850-60 and failed twice.. and as the saying goes.. WHAT DOES NOT GO DOWN... GOES UP.... if we look at the 2 candles as well, they smell like downside rejection and today, with weaker UK Retail sales and weaker UK PMI's we see CBL retreating from above 1.3700 and EURGBP having broken the short term level at 0.8880 and extending gains above 0.8900... all in all... clear failure this week for GBP Upside
