HumbleTraders

EURGBP TESTING LOWER BORDER

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FX:EURGBP   Euro / Libra Esterlina
EURGBP declined towards lower border of the range. We expect this market to rebound from these levels but it is likely to continue lower after the correction. Multi -year support is at 0.7745 area.This market can reach this level without any correction. Save bet is to short on rally towards 0.7960 with tight stops. The position can be stopped and reversed as the break of upper border would suggest more advance.

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