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EURGBP Breaking Point Of Descending Triangle.

Short
Euro / Livre Sterling (OANDA:EURGBP)  
Fx_Trader_ViSa  
OANDA:EURGBP   Euro / Livre Sterling
Trend Analysis Harmonic Patterns Chart Patterns eurgbptrend eurgbpanalysis eurgbplong eurgbpshort Technical Analysis Descending Triangle Fibonacci Retracement
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trendanalysis harmonicpatterns chartpattern eurgbptrend eurgbpanalysis eurgbplong eurgbpshort technicalanalysis descendingtriangle fibonacciretracement
EURGBP is trading in Descending triangle pattern. It is also trading at 62% of Fibonacci retracement level as you can see in chart. If it breaks out of descending triangle pattern we might see further downside toward the 0.8625 level and further towards towards Fibonacci 78% retracement level. There is high chance of either continuation of sideways to downside trend.

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