EURGBP: Daily

EUR/GBP: Daily

This one’s still lookin’ pretty solid, forex fellas! EUR/GBP is lingering at the top of its long-term range visible on the daily time frame, probably deciding whether to go for an upside breakout or to head back to the bottom. Technical indicators are giving mixed clues, with stochastic looking poised to move south and the moving averages showing a fresh upward crossover. If you’re bullish on this one, better wait for a long green candle to close above the .7400-.7450 levels before hopping in. And if you’re bearish, it wouldn’t hurt to hold out for some reversal candlesticks or a bit more downside momentum as confirmation. Just make sure you set your stop losses properly when trading this one!

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