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Leo-btm
Dec 22, 2023 10:14 AM

EURGBP, potential risk to the downside.  Short

OANDA:EURGBP1D
EUR/GBPOANDA

Description

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EURGBP / 1D

Hello traders, welcome back to another market breakdown.

EURGBP pair has been trading in a Bearish trend within a larger trading range, the price is showing evidence of pull-back mode so far. Therefor, better wait for more confirmation
around the desired sell zone.

Trade safely,
Trader Leo

Trade active

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Update:
Trend AnalysisFundamental AnalysisBeyond Technical AnalysisEURGBPForexbtm
Comments
EZIO-FX
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Nice one
Leo-btm
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@EZIO-FX appreciate it
FirstNameHelen
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Hi!❤
I think you are right!😉 So, I'll keep this Technical Analysis in mind for the future👍
Leo-btm
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@FirstNameHelen welcome
MyCryptoParadise_Nathan
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Noticing a pull-back mode in EURGBP , patience for confirmation seems key.
Leo-btm
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@MyCryptoParadise_Nathan yeah, waiting for this
WalterMoon
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Maybe you are right.🤔
But possibly the EURGBP can first make a little correction and then continue to move up to the support area. What do you think about this?🧐
Leo-btm
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@WalterMoon I think the risk is to the downside now
PrimeTrading
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I like this one!
0.85 is a great target.
Leo-btm
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@PrimeTrading yeah
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