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EURGBP: Can We See .88500?


4hr Time Frame: Reading price action we can see EURGBP has created a head & shoulders formation in confluence with the break of the trend line. If price manages to pullback to .90000 for potential shorting opportunities with signs of rejection, then look to sell this down to .88500. However, if price manages to break back above .90000, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.


 

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