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EURGBP possible sell on bounce

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The EURGBP bounced towards POC zones after Carney’s comments today that BOE will hike the rates but not anytime soon and when it happens it will have a limited topside. Adding to that he also stated that credit growth is not a debt fuelled boom at this moment which is a positive for GBP. I still think that EURGBP could be sold on rallies and we need to pay attention to 2 POC zones. The first POC comes in 0.7060-80 zone (E89, H4, 38.2, inner trend line, historical breakout/retest) ad if the

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