rajenderam40

You might want to keep an eye on these this week!

FX:EURGBP   Euro Fx/British Pound
46 0 0
The rate has bounced lower from a major old support/new resistance at 0.7750. If normaly this would work as a good indication that the rate is ready for a downside continuation, now after the rate has triggered an inverse head and shoulders pattern - the rate is in a no man's land as for a downside continuation we now need to look for a break below the former broken neckline at 0.7500
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