EURGBP Intraday analysis on dated 10-5-2019

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The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 day moving average (0.86200) but above its 50 day moving average (0.86100)

Recommendation: Sell @ 0.86200 Target: 60 pips

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