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EUR/GBP Short Side is Favored

EUR/GBP Short Side is Favored

Jamie Saettele, CMT, Sr. Technical Strategist

EUR/GBP has come into and responded to resistance from an internal trendline. Trade since November composes a possible head and shoulders pattern. From an Elliott perspective, trade since 2/25 sports impulsive weakness (5 waves down) and corrective strength (3 waves up take the form of an expanded flat). For details, more trades, and analysis, visit SB Trade Desk.

EURGBP Weekly

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