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EUR/GBP down trend in 1 hour
Tuesday, January 13, 2015 8:25
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Yesterday, the price of EUR/GBP tried to rise and then fall. The trend is now bearish in 1 hour time frame. The intraday resistance could be seen at the price level of 0.7952. I would be probably looking for short trades, as long as trend remains bearish. Bearish price action looks a bit weak and slow, price is heading, down. If bullish candlestick closes above 0.7952 critical resistance level then down trend is going to end. Hence, I might like to stay out of the market and re-examine the price chart.
Source: http://www.fxinstructor.com/blog/eurgbp-down-trend-in-1-hour-2
