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Koolermactrez

EURGBP: Insights into Current Market Dynamics (Top Down)

Long
Euro / British Pound (OANDA:EURGBP)  
Koolermactrez  
OANDA:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns smctrading structureanalysis topdownanaylisis supportandresistancezones demandandsupplyzones trendtrading
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trendanalysis chartpattern smctrading structureanalysis topdownanaylisis supportandresistancezones demandandsupplyzones trendtrading
Right! I will keep it simple. EURGBP on the weekly timeframe currently resides within a DEMAND zone, indicating the possibility of an upward movement in price from this region. Additionally, on the daily timeframe, price has shown rejection at a supportive level. Furthermore, the hourly chart has transitioned from a bearish to a bullish stance, while the 45-minute structure also presents a bullish outlook. In light of these indicators, it is anticipated that price action will likely find support at the marked demand area as depicted on the chart. Goodluck!
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