Euro / British Pound
Short

EURGBP - No sign of bottoming yet

There is no sign of bottoming yet on the EURGBP in my opinion. Initial bias stays on the downside in the next couple of weeks. My target is 0.81635. The target price is positioned nearby a major down (monthly) trendline (A), a weekly up trendline (B), as well as a major support level at 0.81159.

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