Paying attention to the EURGBP trend on the H1 timeframe, it can be seen that this pair has bounced back from S2 to S1. The current price is in the range of 23.6 and 0.0 FIBO. According to the stochastic indicator, it seems that there has been an oversold that causing a trend reversal which could allow a breakout to the level of 23.6 FIBO or more. therefore the go-long position can be an option for now. But still have to pay attention to market trends.
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