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EURGBP: Are Bears Back?

8hr Time Frame: Reading price we can see that EURGBP was created a new swing low and has failed to make any new highs beforehand. after the double top formation at .92000 key psychological resistance and immediately reacted and broke through .90000 key psychological support. If price holds below .90000 look for shorts down to .88750 key support. However, if price snaps back above .90000 key psychological and retests look for potential longs. Due to the uncertainty of market fluidity, risk management is highly recommended.


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