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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.


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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.