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EUR/GBP: bulls started counterattack
Recommendation: SELL 0,856 SL 0,8615 TP 0,8175.
EUR/GBP D
On the EUR/GBP daily chart, there is a correction towards the "bearish" medium-term trend. The "Crab" pattern may determine the potential for the downward movement. Its targets are located at 0.8175 (113%), 0.8017 (127.2%) and 0.763 (161.8%). Despite successes of buyers, sellers remain their control over the pair. In such circumstances, traders can use the strategy of selling on the rise of the prices.
On the EUR/GBP daily chart, there is a correction towards the "bearish" medium-term trend. The "Crab" pattern may determine the potential for the downward movement. Its targets are located at 0.8175 (113%), 0.8017 (127.2%) and 0.763 (161.8%). Despite successes of buyers, sellers remain their control over the pair. In such circumstances, traders can use the strategy of selling on the rise of the prices.
EURGBP H1
On the EUR/GBP hourly chart, bulls' counterattack made quotes to go out from the downward trading channel. At the present moment, prices move towards the target 88.6% in the "Crab" inverted pattern.
On the EUR/GBP hourly chart, bulls' counterattack made quotes to go out from the downward trading channel. At the present moment, prices move towards the target 88.6% in the "Crab" inverted pattern.
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