FXDavid

TIME TO BUY THE EURGBP CORRECTION

Long
FX:EURGBP   Euro / British Pound
BUY EURGBP CORRECTIVE PHASE.

As You can see we touched a crucial level on Friday, the 61.8 of the previous up impulse we saw. Technical indicators are oversold coupled with price at the bottom of its descending channel. Expecting a nice little corrective bounce before bears take control again.

Targets are shown with blue lines.

SL : 75-100 Pips

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