EURGBP is breaking the bearish flag
EURGBP is breaking below the 0.9040 bearish flag resistance. The pair is within the long-term range and moving inside the bear flag which is in the process of breaking to the downside after the rejection from a falling trend line 0.9200. For downside reversal and higher probability short trade entries, we need to see a break below 0.8930. EURGBP reached previously 0.9500 in a swing upside from 0.8300. The overall long-term is sideways range and a confirmed break above 0.8880 will lead to an extended continuation to a lower range 0.8500 level.
Note – We are inclined to short trade entries with a stop loss above 0.9100
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