EUR/GBP Trading in Descending Triangle Pattern.
Currently, EUR/GBP is trading at 0.8762. After trading in downtrend from last week, this week the pair started trading in sideways trend and formed a descending triangle pattern. If it breaks neckline at 0.8907 after breaking resistance levels, then the pair may come into an uptrend and its small resistance at 0.9009 will be the first target.
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Thank you,
Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat
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