


And EURGBP below:




. You can see (in the lower time frame MT4 charts) the downsloping reaction line that has brought price lower and that now we are on the other side and also have made contact with the centre line of the fork shown in the daily chart. We are also underneath a reaction line that can be seen in the higher time frame MT4 charts. Price often falls through a reaction line but will be carried higher on the reverse side. The first partial trade objective is the underside of this RL at .8275
I do not know if this is a major reversal point and only time will tell but one of the major objectives has been achieved but I expect a 'fight' around the thick black centre line. Price rarely tips upwards and shoots off immediately after a long run down and expect to see a period of consolidation below .8265 and with support at the CL at .8244.
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