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eur/gbp as most Euro pairs have been in a long uptrend. However, if you look closely how it has been advancing you will see that its going up has been in waves. Every peak has been followed by a sharp correction. There has been 5 wives up and 4 down since the end of July. The fifth top has probably been reached yesterday (on the 14th of January). If the scenario continues this peak should be followed by a collapse (profit taking and extra short positions in eur/gbp pair). Today saw an engulfing candle (bearish) that ended up lower than yesterday’s low.