Confirmed breakout on EURGBP 4 hour chart

EURGBP has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 14 days and suggests a possible target level to be around 0.8395 within the next 3 days.

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