EURGBP At Resistance Point For Short

EURGBP is trading in a rising wedge pattern. It has tested a long term resistance line but failed to give a breakout from the resistance line, so we think it might reverse from the current point towards the support, which will be the first downside target for EURGBP. One can initiate the short side trade at the current level with a stop loss just above the resistance line.

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