EUR/GBP - Threatening Year Lows, Reversal Incoming?
We have been trending to the downside in 2021, however we have started to see some rangebound movements and more consistent cycles in the markets. We are approaching the end of the current downside cycle with price residing inside our demand zone, testing the key 0.84 whole level and threatening yearly lows. Stochastics also in oversold territory, is a reversal pending?
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