danresdidualfx

market breakdown: EUR/GBP analysis

Short
OANDA:EURGBP   Euro / Livre Sterling
A reversal may be imminent, the price has tested a key monthly zone after extending to the highs for several weeks with no major pullback as of yet, daily candlestick behaviour is showing rejections at this zone, this may be a distribution level at which orders are being filled for downside push. Short term target is 0.88000 which is a key level also with daily MA acting as support.

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