EUR/GBP needs to cross the 0.8425 hurdle, comprising multiple levels marked since mid-October, to convince short-term buyers. Until then, risks to witness a price plunge towards a 2020 low near 0.8280 can’t be ruled out.
Head and shoulders pattern on 4h chart and there is fib level of 0.618. it will be considered a valid setup after the price breaks 1.48
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