EURGBP was in sideways movement previously, it was bouncing between Support & resistance in a rectangle. Now it has broken that rectangle downwards making a Bearish flag pattern.
It anticipates the further bearish movement and price may go down until the projection of this bearish flag.
It anticipates the further bearish movement and price may go down until the projection of this bearish flag.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.