EUR/GBP inside a strong bearish zone below pivot point
By
Felipe Erazo
PUBLISHED:
09 Apr 2014 @ 12:30
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The EUR/GBP remains strong in the current bearish bias, so it is advisable to follow the current trend.
The pair opened the Asian session below the pivot point at the level of 0.8247. If the EUR/GBP manages to make a breakout in the support level of 0.8221, next target would be the 0.8205 level, which would strengthen the current bearish bias. However, caution should be exercised with the recent sideways movement in the EURGBP has had in the past hours.
The MACD indicator is moving into positive territory.
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