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Reading price, we can see EURGBP has shifted up it is evident to see by the new higher highs and higher lows being formed. This shift in momentum has also cleared previous areas of interest and is now retesting as support. Price has reacted in the past and we are anticipating that same reaction to .88300, in confluence with the double bottom formation. If price violates this zone, we must reevaluate price action.
Confirmations:
-Structure
-Area of interest
-Rejection
Omer Kambal
ChartAddicts
11/14/2021
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