Looking at the daily chart, the bottoming on this pair might be over and a spike up in the cards any day now. Good thing is, stop loss area is crystal clear, simply below the current daily candles and the target can be easily 200+ pips, so a good risk to profit ratio as well. Unless we take out 8680 on the way down, EG should go towards 8800-9000. So its worth to watch this pair early in the week and looking for long opportunities above 8700 with a tight SL below 8680 and a target of 8800+, up to 9000. If aiming for 9000, a SL below 8650 would be a safer bet, though.
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