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Hello Traders and good to be back with you as I take a look at the EURGBP currency pair as you can see this 60 minute chart is very bullish and my bias is to buy this pair. So I have placed a Fibonacci tool on the chart so I can locate a good entry and I like the 38% level at the price of 0.7710 for a possible buy entry. I am looking to take profit at resistance at the price level of 0.7775 as marked on the chart. We have the ECB today so we do not want to enter this trade until after there news conference just before NY open.

Thank you traders and we will talk soon……..William

FX Instructor Forex Blog – For Traders, By Traders

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