EURGBP Possible Retracement? 03.03.2023

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EURGBP Possible Retracement? 03.03.2023 by BDSwiss_Academy on TradingView.com

This is an interesting pair. The last few days it experienced a shock
because of important figures coming out.

A period consolidation followed showing some signs of retracement.
However the retracement was short and not corresponding to the size
of the shock. The Fibo retracement tool shows that there is room for more.

The arrow shows where the pair might be headed after the breakout downwards.

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