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EURGBP Approaching Support, Prepare For A Bounce!

Panjang
Euro / Paun British (FX:EURGBP)  
theforexarmy  
FX:EURGBP   Euro / Paun British
Trend Analysis Harmonic Patterns Chart Patterns EURGBP EUR GBP eurgbplong Forex forexsignals
3
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trendanalysis harmonicpatterns chartpattern eurgbp eur gbp eurgbplong forex forexsignals
Buy above 0.8921.
Stop loss at 0.8889.
Take profit at 0.8983.
Reason for the trading strategy (technically):
EURGBP is approaching its support at 0.8921 (100% Fibonacci extension, 61.8% & 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.8983 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its support at 3% where a corresponding bounce could occur.
Penafian

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