ForexTimes

Potential Buying Opportunity on EURGBP

Long
FX:EURGBP   Euro / Livre Sterling
After last week's dramatic rise, all euro pairs are showing signs of decreased upside momentum. The emergence of evening star formation on EURGBP means the pair is likely to lose some of the gains in upcoming sessions. In view of this, I see 0.71 as a good area to look for potential buying opportunity and will be monitoring intraday charts to spot better entry/exit levels.
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