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vikinsa
Feb 22, 2020 6:20 PM

#EURGBP Weekly Analysis: First Target Reached, More Upside Long

Euro Fx/British PoundFXCM

Description

Traders, EURGBP has reached its first target of 38.2 Fib level and showed signs of rejection. Now we have few possibilities that I present in this analysis.

If you liked the analysis, hit the like button and comment what is your plan on this pair.
Comments
transparent-fx
this is what I will have marked up
vikinsa
@transparent-fx, Great. That 38.2 Fib level was my long position target. Now for me next thing is to wait for the next long entry on confirmation in the same zone. Until that zone is broken, I am not going short.
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