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Technical Analysis

EURGBP - Remains Bullish, Resumes Broader Uptrend


EURGBP - The cross faces further upside pressure after resuming its short term uptrend the past week. Support lies at the 0.9000 level where a violation will turn focus to the 0.8950 level. A break will expose the 0.8900 level. Resistance resides at the 0.9050 level where a violation if seen will turn risk towards the 0.9100 level. Further up, resistance resides at 0.9150 level followed by the 0.9200 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, EURGBP remains biased to the upside further bullishness.

Author: FXTechstrategy Website:
This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are the author's own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which the author incur any responsibility. The does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report
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