Eurgbp daily chart 2 august: breakup failed and downtrend resume

As you can see in the chart eurgbp failed to breakup above 0.8470 resistance level and 38.2 fib for the move from 0.9407. I said it previously on twitter since I heared CitiFX going long I had a bad feeling for this cross.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)