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EMA Convergence Could See EURGBP Tumble

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The EUR has been struggling to keep a grip on its recent gains on the GBP as the UK begins to post some heartening economic results. As a result, there is now scope to see the EURGBP take a modest tumble after it makes a corrective movement back to the upside of the bearish channel. Additionally, EMA indicators are signalling that the Bullish trend that has dominated the chart recently could be taking a breather. Firstly, the H4 chart shows the pair has been bouncing along the downside

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