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EURGBP: The Risk Stays Seen Higher

Last week strength stalled at the major level 0.9070/80. Our bias though stays bullish, but we do expect a pullback. Trading below the mentioned resistance area should turn our focus back on the major support at 0.8950 which may be a good entry point for a long position.

Finally, closing above 0.9080 would be a confirmation for the medium-term uptrend with next resistance is seen at 0.9180.

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