EURGBP - 4HOUR - THE BEGINNING OF A LONG-AWAITED REVERSAL?

Bounce and a spike off a major critical level,

coinciding with the bounce of the 88.6% fib level,

this leading to a high probability of a reversal.

A ranging market will likely follow.

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Price action over Thursday and Friday will confirm my position to the downside.

Alternatively, a push further through the critical levels will result in new yearly highs if this psychological level is broken.