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EUR/GBP Confirming Bearish Continuation From Wedge Breakout

posted by Avatar FXTimes 111 days ago in EUR, GBP, Technical made popular 111 days ago

The 4H EUR/GBP chart shows a market breaking below a rising wedge to start this week. Price action was heavy, but the market bounced up from near a previous support pivot at 0.8280. Note that the 61.8% retracement of the wedge pattern was nearby at 0.8290. This pullback came up to test the 200 simple moving average in the 4H chart, cracked it...
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