The EURGBP is trading to a new low going back to August 2022, and in the processes testing the high of a swing area between 0.8377 and 0.8392. The load today took out the low from June at 0.8397, but only by a few pips. Are the buyers leaning against the level?. Can they bounce the price higher after the run lower in July.
I will discuss the technicals (risks/targets) in this video.
This article was written by Greg Michalowski at www.forexlive.com.
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