Either a rebound or a breakout imminent on EURGBP

EURGBP is heading towards the resistance line of a Channel Up. If this movement continues, we expect the price of EURGBP to test 0.8888 within the next 13 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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