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MarcellusLUX

EUR/GBP in strong support level, possibility of a reversal

Long
Euro / British Pound (FX:EURGBP)  
MarcellusLUX  
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Beyond Technical Analysis EURGBP eurgbplong eurgbpanalysis eurgbptrend eurgbplongs
8
6
trendanalysis chartpattern beyondta eurgbp eurgbplong eurgbpanalysis eurgbptrend eurgbplongs
EUR/GBP is struggling at the bottom of a range for a long time now.
However, a reversal might be on the cards as EUR begins to gain momentum while
GBP is losing steam.

Price is showing some signs of a rebound in a strong support level and so traders
can consider buy entries@0.8470-0.8510 with SL below 0.8425 and TP at 0.87.
If 0.87 is broken by the bulls, the next target would be 0.8850.

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