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EUR/GBP short setup, target 200-DMA | January 15, 2019



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EUR/GBP ignores Doji formation at 50-DMA .

Resumes weakness below 50-DMA .

Scope for test of 200-DMA at 0.8859, further weakness only on break below.

Next major support below 200-DMA lies at 61.8% Fib at 0.8824.

55-EMA is immediate resistance at 0.8933. Break above 21-EMA required for further upside.



Good to go short on upticks, SL: 0.8960, TP: 0.8875/ 0.8860/ 0.8825



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