Downward momentum is confirmed in ERUGBP on a Weekly and Daily time. Market has drifted up and bounced off yesterday’s daily highs providing some resistance today. Selling on the breakout of the day’s lows, 0.73523. Stop above the day’s highs, 0.73718 Targeting 1:2 risk:reward which nicely coincides with expected support at yesterday’s lows, 0.73066.
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