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theselfishtrader
Nov 15, 2016 9:21 AM

GBPEUR - New Bearish Cycle? Short

BRITISH POUND / EUROICE

Description

Price has broken below horizontal and trendline support, meaning there is now bearish emphasis. Support has been found at 1.15, but I am expecting a retest of previous support before price continues to fall.
Targets would be the 50% and 61.8% fib levels
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