The EURGBP is about to trigger a double top pattern as we test the 88% retracement on the daily chart.
The EURGBP has been held hostage by the resistance at the 61.8% retracement at .8930 which broke today.
Ahead of Thursday’s ECB meeting and with a crisis brewing in Spanish Catalonia the EUR is trading heavy or at significant resistance in some crosses which are worth watching for bearish reversals.
The US Dollar has experienced a prolonged and material decline in 2017. The DXY index has dropped from 102.80 (2nd January) to 91.33 (8th September), which roughly represents an 11% loss.