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EURGBP Weekly Technical Analysis 1-5 February, 2016 | January 31, 2016



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Eurgbp has made a triangle. This pair has rejected from the upper line of the triangle. This rejection area can be good sell zone for this pair. Sell zone lies on 0.7660-0.7680 area. So we need to sell from this area.


This pair should fall from this level on the next week. On the breakout of this triangle, we should go according to the breakout level. If this pair break on the lower side, then we should go for sell with targeting 50-100 pips. If this pair can break on upper side on the triangle, then we need to go for buy with targeting 50-100 pips


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