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EURGBP analysis

25.03.2021

Market Review

EURGBP

The overall trend is downward. The ascending wave pattern is truncated. A bearish divergence has formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator are directed downwards from the overbought zone. 

 EURGBP rate online: monitor the price movement in real time.

Trading idea:

Sell when a descending wave pattern is formed below 0.8613.

Stop Loss: 0.8650.

Target levels: 0.8576; 0.8536.

Author: GC
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