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EURGBP Targets 0.80 Above 0.75

Discussion in 'Technical Analysis' started by Kaitlin, Jan 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The break above 0.750 confirmed a rounding bottom which projects an approximate target around 0.8067. However due to the psychological barrier around 0.80 then this may provide a more sensible target. Before breaking out, price managed to also break the bearish trendline from the August '13 high to provide an[​IMG]

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