EUR/GBP possible down move.
Updated
EURGBP Analysis:
- EUR/GBP is in a downtrend for nearly 1,5 months. Building lower Highs and lower Lows.
- Trendline acted act as a rejection multiple times as you can see on the chart.
- RSI overbought.
- 200 EMA (1H) could act as a possible rejection line.
TP 1: 0.85715
TP 2: 0.85382
SL: 0.86160
Lets see if this one plays out.
Trade closed: target reached
TP 1 reached.
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