EUR/GBP - BULLISH RSI/STOCHASTIC DIVERGENCE | OVERSOLD REVERSAL
- EUR/GBP broke a major support level during the start of 2021
- As a result, a massive sell of spewed over the course of Q1 2021
- Stochastic and RSI is showing heavy divergence on the daily and given the oversold conditions of the market a reversal may be pending
- A long position has been executed with 2 targets:
- Target 1 - initial major support level
- Target 2 - 61.8% fibonacci resistance
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