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Chris4XTrading
May 5, 2018 7:18 AM

EURGBP (long-term) | Price rotation Long

Euro Fx/British PoundFXCM

Description

Historically speaking, EURUSD should move upwards to the 0.93000 region (or 100% weekly fib line).

Thereafter, Bulls will most likely run out of momentum and have to back off for a while, letting the bears pull the price back down towards the 0.88000-0.89000 region.

After the Bulls' rest, price will continue to move upwards along the natural trend of the currency pair.
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