Consolidation with 200 EMA

FX:EURGBP   欧元/英镑
23 0
EURGBP had a roller-coaster some weeks ago and has been returning to its 'near value' of mean price, a.k.a. the 200 EMA . The missed monthly pivot posses an interesting situation as to what price may do next.

The triangle formed indicates that a break is likely to occur but to which side is hard to call for the moment. My expectation is price has aggressively moved to the upside and is in a correction and therefore I would expect price to move towards the missed monthly pivot below before resuming north.

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