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EUR/GBP Multi-Timeframe analysis (Update) 666.2 PIP Move? for FX:EURGBP by Avramis

Hi Traders

EUR/GBP Multi-Timeframe analysis Update

H1 CHART ( Bullish )

Target 2 at 0.86964 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market.

Support & Resistances

0.86272 0.86485

0.86155 0.86539

0.85957 0.86697

H4 CHART ( BEARISH )

Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.

Support & Resistances

0.86775 0.86995

0.86402 0.87597

0.85382 0.87903

DAILY CHART ( BEARISH )

Waiting for a retracement higher towards the 0.88602 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.89428 level.

Support & Resistances

0.86396 0.88602

0.84878 0.89428

0.82575 0.90841

WEEKLY CHART ( BEARISH )

Target 1 at 0.86142 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 0.88652 . Provided the market conditions will remain the same Target 2 will be reached soon.

Support & Resistances

0.88602 0.91750

0.86142 0.93235

0.82759 0.94977

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