Big movement expected on EURGBP

EURGBP has broken through a line of 0.8587 and suggests a possible movement to 0.8572 within the next 5 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 22 hours.

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