Interesting potential opportunity on the EURGBP. Following a large push to the upside last week, we now have a retracement to a level which is lining up with a pretty sweet Fib level. Taking a look at our COT reports for the week we also see a slightly stronger EUR and weakened GBP so we can expect the push up once liquidity is created.
Waiting now for a valid entry opportunity and hopefully we will see decent rewards from this pair.
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