EURGBP – psychological price line breached

EURGBP has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 16 days and suggests a possible target level to be around 0.8895 within the next 3 days.

Past performance is not an indicator of future results.
Losses can exceed deposits.

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