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MarxBabu
Apr 11, 2021 3:23 PM

EURGBP looks nearing Resistance and forming Down Channel Short

Euro Fx/British PoundFXCM

Description

Looking at the 1H and D chart it looks very much that EURGBP is forming a Parallel down channel.
If it goes out of hand ,it may touch 0.87333-0.87222 and then reverse.

When the volume is decreasing and not crossing its 4h 20EMA volume above ,it can be confirmed this is the reversal point.
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