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Euro / British Pound
Short

EUR/GBP: possible drop till the lower boundary of the channel

By Investroy
As it can be observed from the 2H timeframe graph of EUR/GBP, an ascending channel has been formed and the price has rejected the upper boundary of it. Currently, we can witness how the recent candle has closed below the local area of support and is now re-testing the same zone. From here, we are closely monitoring the price development and waiting for short confirmations before entering SELL positions and aiming for the lower barrier of the channel.
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