Technician
Long

EURGBP: Could be Bottoming

FX:EURGBP   Euro Fx/British Pound
432 4 6
EURGBP             Could be in the process of bottoming, as price completed a long term bullish three-drives pattern, while trading within a major bullish falling wedge pattern. MACD is showing a prolonged bullish divergence as well. I am betting on a move higher over the coming weeks to few months.

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Double bottom too :)
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what about the break out on 1-22, 1-23 of the falling wedge and the new low made on 2-17, i am thinking if the economic data continues to improve in the US as the weather warms the Fed will continue to taper QE and the dollar will strength as there is a "risk on" environment in the primary asset classes such as equities, all driving the euro and the sterling from recent highs.
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pezq PRO
2 years ago
Or any break of .8164 targets .7755.......my preferred scenario
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Testing the Key Resistance
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