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EUR/GBP - Hourly Falling Wedge Warns of Minor Recovery Higher

EUR/GBP is exhibiting a falling wedge in the hourly time frame which warns of a recovery higher in the short-term.

Ultimately we seek a return to the old trading range between 0.6500 and 0.7000.

We maintain a tight stop and also will cancel the trade if the 0.7900 level is met without filling the strategy.

Daily Technical Report

 

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