EURGBP was preparing for an immediate crash. However, the success of this analysis is high as the GBP strengthens. 20 EMA and 50 EMA were used as additional confirmations. Both of those lines are currently operating as cyclic resistance
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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.