In this article, I would like to list three reasons to short the euro - specifically, against the British pound (short EUR/GBP).
Reason One: Technical Set-Up
EURGBP has failed to confidently break above 0.9150 for several times now. A triple top that occurs after an uptrend is usually considered to be a bearish pattern, signalling a reversal.
EURGBP is now trading within a symmetrical triangle (in the mid-term) and within a descending wedge (in the short term). Both patterns are bearish. Trend-based Fib-extension analysis indicates that a break below 0.9030 could cause a fall into