From the desk of Thomas Bruni @BruniCharting
After rallying more than 13% over the past three months, EUR/GBP looks to be setting up on the short side.
Structurally this market has been in a downtrend since 2009, with selling accelerating further in late 2014 as support near .7750 failed to hold. After consolidating above .6930-.70 throughout the majority of 2015, prices moved to new highs and rallied back into broken support. [Read more…]