Contributors Technical Analysis EUR/GBP Attracted By Confluence Area

EUR/GBP Attracted By Confluence Area

EUR/GBP drops after the retest of the median line (ML) of the major ascending pitchfork. We had two false breakouts above the ML, so the current drop is understandable. Is attracted by the confluence area formed between the 100% level with the third warning line (wl3). The next major downside target will be at the lower median line (LML) of the ascending pitchfork.

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