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| EUR/GBP |
SUMMARY :
The primary trend of EUR/GBP is bearish. The pair has given a
breakout of falling trendline & sustaining successfully below the
breakout level. prices are looking further bearish for the few
upcoming sessions. Today if the pair breaks 0.7250 then we can
expect it to continue its ongoing down trend & test the level of
0.7200/ 0.7171 in today's session. RSI
is sustaining in selling territory supporting the downside
movement in the pair.
MACD line is
sustaining below the zero line,indicating the up coming bearishness
in the market.
STRATEGY :-
EUR/GBP is looking weak on charts. One can go for sell on higher
level strategy for this pair for intra day to mid term positions.
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| Technical Chart |
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