On this EURGBP chart price is testing the resistance from below making it a very interesting chart.

Should the blue zone manage to contain price from below then a short entry might be provided.

If price decided to move a little higher then the oher area of interest would be to short price from the purple 200 ma or the blue 55 ma.

The 55 moving averages predicts a double bottom so that we may place our target at 0.72500.

Best of PIPS

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