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EURGBP near a sell area

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURGBP, 240 min EURGBP hit my downside target yesterday at 0.7533, right before EUR started rallying and took EURGBP higher and all the way up to the current levels. It took time for the market to move into my target 1 and therefore provided multiple opportunities to engage the short side and benefit from recommendation in the pair. At the time of writing the pair after getting overbought both in terms of 4h Stochastics and Bollinger Bands is now reacting lower. The upper daily Bollinger bands

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