gdf_fx
Short

EURGBP Range bound for a while

FX:EURGBP   Euro / British Pound
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2
Even with BOE policy changes and basis point cut we still see the defined range hold convincingly,

previous H&S failed to provide a bearish break so i expect the rising channel to continue until one side takes real control of this market.

if the channel breaks there is a lot of liquidity around 0.8 which will be my target.

Alternatively if we see price break and settle above the head resistance level then I will be looking for longs.

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