Hey traders,
EURGBP is retesting a strong confluence zone:
we see a perfect match between a horizontal daily/4h structure & fib retracements of the last two impulses.
As a confirmation, the price managed to break and close below a support line of a bearish flag pattern.
Now bearish continuation is expected.
First goal:
0.86
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Related publications
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.