EURGBP – Moving higher in an AB=CD formation

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Monthly: Since posting large nett losses in September 2017 (-395 pips) the cross has moved sideways. Price action on March (2018) has seen a bearish Outside Month posted and offers a mild downward bias. Dip buying has been seen in April. The RSI (Relative Strength Index) is close to 50 (mid-point) highlighting we are non-trending. Weekly:  Last week’s positive price action formed a bullish ...

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