Either a rebound or a breakout imminent on EURGBP

EURGBP is heading towards the support line of a Falling Wedge. If this movement continues, we expect the price of EURGBP to test 0.8967 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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