Taking a look at the chart of EUR/GBP, the price has strongly rejected the area of 0.859 and has been dropping non-stop. After a strong impulsive move, a pullback (correction) is a MUST. Therefore, we are patiently waiting for the price to produce a nice pullback into the 0.853 area, before possibly dropping all the way till the 0.838 area of strong support as indicated on the chart.
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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.