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EURGBP analysis

02.09.2021

Market Review

EURUSD
The ascending wave pattern is truncated. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator signals overbought conditions.

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


Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.
Stop Loss for the local maximum of the ascending pattern.
Target levels: 0.8550; 0.8500; 0.8455.

Author: GC
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