The EURGBP was rejected from an important LT resistance level around 0.8915, and it is likely to continue its way down until it reaches the next LT support level around 0.8651. It is currently trading at 0.8793 so we still have some room left to get a good risk reward ratio:
I’ll stop looking for short opportunities if the EURGBP breaks 0.8837 for the upside.
Tags: EURGBP analysis
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