EURGBP:Look for dips!EURGBP
Intraday - We look to Buy at 0.8650 (stop at 0.8600)
Buying pressure from 0.8690 resulted in prices rejecting the dip. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although we prefer to buy into dips close to the 0.8650 level.
Our profit targets will be 0.8800 and 0.8930
Resistance: 0.8815 / 0.8930 / 0.9070
Support: 0.8565 / 0.8340 / 0.8200
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