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EURGBP: Shorts to .85750!


Reading price action, we can that EURGBP is on a long term down trend so we should be looking for long term shorting opportunities, we can also see we had a huge shift to the down side with a potential retest of new resistance. If price manages to hold below this zone, we can look to sell it down to .85750. However, if price breaks back above current resistance, we must reevaluate price action. Due to the uncertainty of market fluidity risk management is key.


 

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