EURGBP has been in a sluggish downtrend for weeks.
Yet slow and staggering, price continued to move below levels and create lower lows and lower highs.
Now, price has broken below a key level of support and has come back to retest it.
If price rejects this area, then there is no stopping of this downtrend.
Yet slow and staggering, price continued to move below levels and create lower lows and lower highs.
Now, price has broken below a key level of support and has come back to retest it.
If price rejects this area, then there is no stopping of this downtrend.
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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.