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British Pound / Euro
Short

GBPEUR Bullish Momentum Fading

By nextgen
GBPEUR Forecast: GBPEUR pair took a smart bull run in couple of last weeks, the pair's bullish momentum seems to be fading as trading at strong resistance 1.1599, pair failed to continue momentum and made a bearish candle on the first day and trend should continue to whole week up the target of 1.1427 as ultimate support. Other indicators like RSI seems ready for reversal also MACD volume decreasing indicating change in trend. Traders may take short position with target of 1.1427.
Technical IndicatorsTrend Analysis
nextgen
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