EURGBP to find sellers at market price?

30 oct

EURGBP - 24h expiry

The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Preferred trade is to sell into rallies.
Selling spikes offers good risk/reward.
20 1day EMA is at 0.8343.

We look to Sell at 0.8355 (stop at 0.8375)
Our profit targets will be 0.8290 and 0.8280

Resistance: 0.8322 / 0.8340 / 0.8352
Support: 0.8315 / 0.8295 / 0.8280

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