EURGBP bounce off the support
EURGBP is testing the support 0.9000 level. For the upside extension from here, we need to see a price action break above 0.9050 with significant price action close and confirmation. For a downside reversal and higher probability short trade entries, we need to see a break below 0.9000. So both long and short trades are in option. The pair reversed from the channel high 0.9250 and pulled back to support. The overall trend is the sideways range.
Note – Look for the long trade entries with the stop loss below 0.9000 if you will be stopped out reverse to short
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