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Why I’m buying EURGBP
Ian Coleman of First4Trading.net is looking to buy EURGBP and highlights the pair in a corrective bearish channel formation in the monthly chart.
Coleman notes that levels above 0.8062 - a swing low from 2010 - have attracted sellers. He plans to buy EURGBP at market level with a stop of 0.7825 - just below yesterday's swing low - and a target level of 0.7914-0.7924.
01:49 minutes
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