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beuno
Jun 7, 2020 6:35 PM

EURO-GBP 4hr - SHORT Short

Euro Fx/British PoundFXCM

Description

Fall to the trend line, breaking through the 4hr 200EMA.The hourly chart shows the 50EMA ready to cross below the 200EMA which is above the current price suggesting this bearish stance.
Further decline to follow with opportunities for a longer short position, breaking the trend line to around 0.876 where the 200EMA daily chart is located.
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