However if we fail to hold this level as support we will likely break out of the initial short-term up drawn in blue and that will give us a good shorting opportunity for a quick scalp down to the second medium-term up drawn in blue. If we can break that then we have a lot of room to go lower.
Please do keep in mind this upcoming Brexit referendum which will have a HUGE effect on all EUR and GBP pairs so you will have to be careful trading them.
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