Euro / Livre Sterling

EUR/GBP ANALYSIS

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EUR/GBP has been following the descending channel since the beginning of the year.

The pair managed to retest back to the weekly resistance area.

If it manages to break this area which indicates the break of the channel, i expect the pair to buy until it reached the next resistance area.

If it fails to break this area, then I expect the pair to continue its descending channel and sell until its precious low

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