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EUR/GBP: Long from levels of support

EUR / GBP: Daily schedule – upward movement

Price above the diagonal and horizontal support and 50 MA

Price action: Pin bar on 4h. chart and false breakout of diagonal support – a positive signal

eurgbph4

indicators:
50 / 200MA: 50 200 – up trend in force
CCI (50) over 0 – positive signal

SL 0.68320

Alternative scenario: If the price crosses below the 38.2 Fibo of probably it will spoil the positive trend and we see bearish momentum to new levels of support

Jr_Trader_I_Ivanov


 Varchev Traders


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