EUR/GBP Rising Wedge Breakout
Scott Barkley | Apr 23, 2019 08:48AM ET
EUR/GBP Bearish: Currently, we are at 0.8641 just out of a Rising wedge (bearish) and in a range. We are looking for a continuation initially to the ATR Target at 0.8614 and then to the 0.500 Fibonacci at 0.8566. The average daily true range (ATR) for the pair currently is 56 pips but its 90-day ATR is 71 pips a day.
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