The pair hit our next target at 0.87440 this week and then formed an indecision candle on the Daily. Traders can also see that the bears have not been able to break the 0.87440 handle since June 2017. I will remain cautiously bearish on the pair as the news from BOE this week is also not positive for GBP. A daily close above the 0.8980 resistance will negate this trade, but I’m still watching the pair.

EURGBP - Hit 0.87440 target

Source: Maryna

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