• The EURGBP has been trading in a range in 2018 and shown in the chart above.
  • The upper bound of the range is at 0.8933 and the lower bound at 0.8708.
  • In the year the price has not closed above or below these levels.
  • I expect the range bound nature of the currency pair to continue
  • Using the range boundaries to draw up the fibonacci retracement levels will come up with the chart above.
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