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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURGBP January, 27 2020

Technical Analysis
Monday, January 27, 2020 - 12:41
Point Trader Group
EURGBP January, 27 2020

Overview:

The chart above shows that the pair is trading below a strong resistance level represented in the falling trend line, which enhances the downside opportunities during today's trading.

Expected:

Continuing trading below the aforementioned resistance level might push the pair down to 0.8310

Alternative Scenario:

Breaking the falling trend line up, may push the pair up to 0.8600

 

Resistance0.85000.86000.8650
Support0.83100.82500.8200

 

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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