EUR/GBP continues declining. The broke 200 Moving Average to trade below it. The pair rejected the downtrend trend line and seems to be ready to continue moving lower.
EUR/GBP broke below the 161.8% Fibs (0.8480) and now next potential downside targets are 261.8% (0.8340) or 361.8% (0.8200)
Consider selling EUR/GBP near the 200 Moving Average, targeting either 0.8340 or 0.8200 levels corresponding with Fibonacci retracement. Suggested stop loss is 0.8690.
Support: 0.8480, 0.8340, 0.8200
Resistance: 0.8567
From www.instaforex.com http://ift.tt/2gHfJoE
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