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Forex Analysis Details

EUR/GBP Price on the way of 0.90500 Level

  • PUBLISH BY: FxsuccessBD
  • 26 Jun, 2019 3:17pm

The Euro vs. the British Pound. These pair represent a cross between the two largest economies in Europe, the Euro Zone and the Unites Kingdom. The pair is greatly less volatile than other Euro or Pound based crosses because of the economic closeness and interdependence between the two. Changes in monetary policy between the Bank of England and the European Central Bank can make this pair extremely sensitive.

According to the technical point of view, this pair gonna create a triangle pattern and the next destination should be 0.905 level where have diagonal resistance and physiological resistance zone.

TRADE SUGGESTION: Wait until the price hit 0.904 level and go for short. The primary target can be 0.877 level.

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