SEB: EUR/GBP targeting 0.7130? – eFXnews

FXStreet (Barcelona) - The Technical Strategy Team at SEB, note that the possible triangle formation in EUR/GBP targets 0.7130 levels, as shared by eFXnews.

Key Quotes

“If the triangle scenario continues to play out then the pair should be running into selling in the 0.7383/92-area and then beginning a descent that primary targets the 0.7130-area (78.6% of the recent advance).”

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