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Playing God or Doing Good? EUR/GBP: on pivotal support, Failure at 0.8471/65 to target the 0.8314/0.8239 zone…

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Standing in the way of and going against a top i-Bank analyst…

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Playing God or Doing Good? EUR/GBP: on pivotal support, Failure at 0.8471/65 to target the 0.8314/0.8239 zone…
 

 
Playing God or Doing Good? EUR/GBP: on pivotal support, Failure at 0.8471/65 to target the 0.8314/0.8239 zone…
 

EUR/GBP has sold off to the 0.8471 long-term pivot, this is currently being eroded. A break below here would imply a slump as low as the 200-month moving average at 0.8142.

Failure at 0.8471/65 on a closing basis would target 0.8314/.8239 as well as the 200-month moving average at 0.8142.

Initial resistance is the 20-day ma at 0.8542 and the 55-day ma at .8571 and the market will remain on the defensive while capped here.




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FxScotty
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It should have rebound
popefund
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@iu1120 Key day reversal
iu1120
@popefund
@popefund Yes, but not much power😂
popefund
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@iu1120
@iu1120 Trains just set out
well, sometimes you loss something
popefund
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@Iranda Baskara: It’s normal in the real world
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Testing
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Karen Jones from Commerz Bank😔

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