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TheCatTrades
Dec 3, 2019 1:56 PM

eurgbp Long

Euro Fx/British PoundFXCM

Description

eurgbp
Comments
DoctorTanzanite
I have notice price rejecting 0.8395, would you consider this a good signal to enter for buy or do you expect price to continue down?
I think price is unlike to go below 0.8395, what do you think? If price go below 0.8395 is it not too bad for the European economy hence banks and investors are likely to jump in in order to push price up?
TheCatTrades
@DoctorTanzanite, I would wait for the price to break the 0.84315 to think in going long.
DoctorTanzanite
@TheCatTrades, Ok thank you
DoctorTanzanite
Is this idea still valid, is it still safe to go long/buy?
TheCatTrades
@DoctorTanzanite, Hi mate. No, this is not valid rigth now. We have to wait and see how the price close today. Price just broke an important support and we can go to 0.83400 easily in a few days. Thanks for the question! have a good one
DoctorTanzanite
thank you
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