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EUR/GBP Threatens to Form a Double Bottom

posted by Avatar FXTimes 407 days ago in EUR, GBP, Technical made popular 407 days ago

EUR/GBP has held above the 2012-low of 0.8220, and established support near 0.8225. The 4H chart shows the market fail to continue the downtrend, and instead is forming sideways price action, which can be interpreted as a possible double bottom development. The latest 4H candle was very strong and threatens to test the 0.8275 resistance pivot...
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