The following EUR/GBP Setup, based on the 1-hour chart. It is a weakening of the technical structure, while the volatility is very low.
The trade will take place under the 50 EMA, indicating a bearish development. This will confirm if there will be more SAR indicator dots above the price. The low volatility will increase. For more than 16 hours, the SAR provides no reverse signal and so the statistical risk of further sales to a counter-movement in the EUR/GBP.
This Setup is usually at the end of channels and the first resistance is the upper side of the channel.
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