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DeGRAM
Aug 22, 2019 6:03 AM

EURGBP short term trade Short

Euro Fx/British PoundFXCM

Description

Hello friend!

EURGBP cannot break the resistance line. After reaching a ten-year high, EURGBP is plummeting.
In the short term, I expect a fall to the level of 0.905.
Be careful when the price reaches a strong support level of 0.9093.

Share your vision of EURGBP in the comments and like if you agree with this idea.

Trade closed: target reached

Comments
Erland
It has been long overdue. Every data release for EU was negative yet the price kept above 0.909
Today and tomorrow are critical - if it does not manage to break the support in the coming 3-4 sessions - the price will try to make a lower high on D1 at 0.922
Erland
It broke the support and reached next support line of 0.904-0.905, where it should bounce back to 0.909 before a drop to 0.901
DeGRAM
@Erland,
Yes
I see these targets too
EricDowdell
I also see a head and shoulders. It is interesting to see what this one does. Im in at the very top
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