EURGBP: Time For a Deeper Correction?
From our previous analysis the price reached our first target and moved close to the second one.
We can also observe a bearish price reaction near the zone.
After the Eurozone November final CPI +2.4% vs +2.4% y/y preliminary report it is likely that the bearish move can continue to push the price down more.
A strong support zone is expected near 0.8560
Thank you and Good Luck!
From our previous analysis the price reached our first target and moved close to the second one.
We can also observe a bearish price reaction near the zone.
After the Eurozone November final CPI +2.4% vs +2.4% y/y preliminary report it is likely that the bearish move can continue to push the price down more.
A strong support zone is expected near 0.8560
Thank you and Good Luck!
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Previous Analysis:
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