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EURGBP Testing 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 aud USD CAD
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trendanalysis harmonicpatterns chartpattern eurgbp eur gbp eurgbplong forex forexsignals aud usd cad
Buy above 0.8891.
Stop loss at 0.8851.
Take profit at 0.8950.
Reason for the trading strategy (technically):
EURGBP is approaching its support at 0.8891 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 0.8950 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 4.4% where a corresponding bounce is expected.
Penafian

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