The EURGBP longer term double top setting up as we test the 200DMA.
The UK Parliament shot down the Prime Ministers Brexit deal (it was expected) and the GBP surprisingly has found a bid, driving down the EURGBP through support and towards the 200dma. An epic failure at the .8950 level has set up a possible double top at the .9080’s which could lead us back below the .8600 level and beyond in the coming months ahead. I should also note, the EUR economic data has been deteriorating in recent weeks as well.
Blake Morrow
