After consolidation for weeks, EURGBP finally broke the trendline support, and the price failed to maintain its upward momentum by staying above the moving average. It appears that bearish momentum is inevitable, and buyers have lost momentum to the upside.
Trade closed: target reached
hit my target with decent profit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.