EURGBP Analysis of 08.04.2022

Yesterday's analyzes went well, today it is absolutely necessary ...

We must not make the mistake that many make, thinking that the worst there is never an end, if a couple is in the oversold area it does not mean that they must necessarily turn, they can continue their descent for a long time, the time -frame plays an important role.

The S2 support seems to be working well but I would start talking about bullish patterns only after breaking and closing above the price of 0.83600, which has only been tested at the moment.

If you have not entered the buy at 0.83100 then you should wait for a concrete trigger, otherwise it would be good to put in protection with a nice break-even or use the convenience Money Break Even.


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