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EURGBP: Rejecting .91500!


Daily Time Frame: Starting on the higher time frames we can see price is creating a double top formation at .91500 key weekly zone with signs of wick rejection.

 

4hr Time Frame: Scaling down we can see that price is testing 4hr support. If price manages to hold below .91500 look for shorts down to .88500. However, if price manages to break and close above, we can potentially see longs to .93000 key resistance. Due to the uncertainty of market fluidity, risk management is highly recommended.

 

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