848evo

[ANALYSIS] EURGBP Headed Downward

Short
FX:EURGBP   Euro / Livre Sterling
0
EURGBP has broken out of the previous range box and appears to be headed toward the target box at the touch of the TL and .236 fib level as well as strong support level. I'm looking for PA to make it's way down before bouncing off that level back up. If PA breaks the target box to the downside, I would look for a move further down to re-test the 50% fib.
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