EUR/GBP Technical Analysis: February 16, 2017
The Euro against the British pounds surged on Wednesday’s trading session but failed to break higher than the 0.85 mark which is quite a strong Resistance level. Hence, it may not be advisable to trade this market giving quite a negative outlook in trading compared to other currencies. It might be wise to stay on the sidelines this time. On a brighter note, a resistive candle formed could halt the selling opportunity in the market which chances to go down towards the 0.83 handle.
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16.02.2017, 13:33
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