EURGBP - Short
Pending short trade on EURGBP.
Technicals:
- descending channel
- strong rejection at channel resistance
- sharp rejection at 61.8% fib level
- rejection of previous support around 0.8510
- In line with the downtrend of EURGBP
- bearish confluence among indidicators
Fundamentals:
GBP appears stronger than the EUR as recent figures show a growth in UK economy since lockdown easing, fueling GBP strength.
Technicals:
- descending channel
- strong rejection at channel resistance
- sharp rejection at 61.8% fib level
- rejection of previous support around 0.8510
- In line with the downtrend of EURGBP
- bearish confluence among indidicators
Fundamentals:
GBP appears stronger than the EUR as recent figures show a growth in UK economy since lockdown easing, fueling GBP strength.
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