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Euro / British Pound
Short

EURGBP: Important Structure Breakout

By VasilyTrader
snapshot

Confirmed violation of strong horizontal support and new lower low lower close on a daily on EURGBP.

now bearish continuation is highly probable.

The next strong support is based on June's structure and 618 of the last bullish impulse.
0.8875 is the first goal for sellers.

In case of a further decline, the next goal will be 0.88 level based on spring's price action and 786 of the last bullish impulse

Chart PatternsEURGBPeuroFibonacciforecastGBPmoneypoundpoundsterlingSupport and ResistanceTechnical Analysistrading
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