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EURGBP trades to a new low going back to 2022 and tests an old swing area

Started by forex4you, Jul 13, 2024, 06:17 pm

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forex4you

Jul 13, 2024, 06:17 pm
EURGBP trades to a new low going back to 2022 and tests an old swing area

The EURGBP is trading to a new low going back to August 2022, and in the processes testing the high of a swing area between 0.8377 and 0.8392. The load today took out the low from June at 0.8397, but only by a few pips. Are the buyers leaning against the level?. Can they bounce the price higher after the run lower in July.

I will discuss the technicals (risks/targets) in this video.



                This article was written by Greg Michalowski at www.forexlive.com.

Source: EURGBP trades to a new low going back to 2022 and tests an old swing area

forexlive.com
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