EURGBP – Broken the wedge to the downside

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Monthly: We have broken the wedge formation to the downside. The pattern has a measured move target of 0.8303. A bearish Engulfing candle was posted in January. The corrective rally was sold into in front of the reverse trend line resistance at 0.8901 Weekly:  Rallies close to the 61.8% of 0.9044 (from 0.9606-0.7621) Fibonacci retracement level were sold into. Previous support has now been brok...


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