EURGBP broke major uptrendline
Price is based below HVN at level 0.9036 which indicates that pair is in distribution phase
Price respects downtrendline on short term
Below SMA 100 on H4 frame
MACD shows bearish momentum
It's expected for coming strong bearish movement to target first support level at 0.8865
then finally target demand zone at level 0.8685
Price is based below HVN at level 0.9036 which indicates that pair is in distribution phase
Price respects downtrendline on short term
Below SMA 100 on H4 frame
MACD shows bearish momentum
It's expected for coming strong bearish movement to target first support level at 0.8865
then finally target demand zone at level 0.8685
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.