EUR crosses/FXWW News/GBP crosses/Technical Analysis/Trade Ideas

EUR/GBP in retracement mode

The cross has finally started to retrace after a reasonably big fall and the obvious targets are now at .8500 and .8535 (see chart). Extreme patience is required with this pair but I remain in the bear camp and am happy to sell rallies back towards these levels. Any short-term dips back towards .8390 will offer good risk-reward possibilities for short-term bulls.

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