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Geoff Barnett

EUR/GBP analysis

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According to the RSI and trend line analysis right now the market has a great possibility to come down. And hopefully it will bring a better amount of profit to the sellers actually. To the sellers the entry point is at 0.8945 and the target point is at 0.8875.

 

eurgbp-h4-instaforex-group-2.png

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I think that if we rally from here, we will probably have a significant amount of resistance at the 0.850 level, but if we can break above that level, it’s likely that we will continue to go much higher, perhaps reaching towards the 0.90 level above. I have profitable forex signal provider always

I think if we can break above the 0.90 level above, that then freezes market to go to the 0.93 handle after that. I think that the 0.8750 level below will be massively supportive, so if we were to break down below there I think the sellers would overwhelm the market.

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