Euro / pound may continue its downward correction

Mindset in euro / pound has worsened, and dealers say that the breakthrough of the trend line with lows in November, following the formation of a two-day maximum, and head and shoulders on the hourly charts gives grounds for concern about the possibility of greater downward correction pair. Single European currency is now trying to form a base, but attempts are now attracting growing interest in selling some stg0.9050, whereas larger Offer visible in stg0.9075/85. To ease the pressure the pair must go higher, but still under the gun remains in support of stg0.9030: bids are placed up to stg0.9020, but there are rumors of fairly good feet for a break below the performance of which will support the reduction of stg0.9000/stg0.8995 .