EURUSD & EURGBP Forex Outlook

The Euro has been in a downtrend for the past year. Price pulled back to the daily supply zone around 1.08 and we have seen continuation of the downtrend.

On EURGBP, we are watching price at a very interesting area on the big weekly chart. The reason that this area is so interesting is because it could be a major trend change. Price seems to be suggesting that we are in a new downtrend and has confirmed it on every time-frame smaller than a weekly chart.

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