EURGBP - DOWN TREND

 EURGBP may be prepared for a down turn. Its clearly in a down trend consideting the Weekly timeframe. A correction from 0.8342 for the past one month to 0.8505 is not weak and may be set for a down turn.



The market bounced from the Resistant point of 0.8496 and this is a good area for a SELL looking to cash in about 40 to 50 pips or targeting the next support area(s).

Trade wisely, we might have a rally but even with such, a SELL may also be good at the next res zone at 0.8577.



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