Update on SHORT EUR/GBP

With EUR/GBP pushing into ever strengthening resistance we let this SHORT trade from .8650 open and resisted the temptation to close.
Price hit .8763 which was considerably outside our STOP comfort zone but with price currently at .8663  it looks as if the decision to keep the trade open was correct.

With prices sinking along with RSI we are holding this SHORT in the expectation of further downside.

We have no immediate target but will look at the higher time frames to assess the situation.

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