We have seen a Double Top pattern come into light on the 4 hour chart of EURGBP. We will continue to watch this pattern and look to go SHORT on a break of the neckline at 0.88560.
Other factors - MACD histogram is printing in the negative - We already have a cross of the MACD (blue line) over our Signal (orange line). - Price is already trading below the 50 SMA - Price is in route to trade below 100 SMA & 200 SMA - this will further confirm our sentiment if this transpires