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EUR/GBP is declining after sharp rise yesterday. The pair is again distancing the resistance at 0.8929 (01/12/2017 high). Hourly resistance at 0.8689 (08/12/2017 low) has been reached. Expected to show further decline.
In the long-term, the pair has largely recovered from lows in 2015. The technical structure suggests a growing upside momentum. The pair is trading below the range of its 200 DMA. Strong resistance can be found at 0.9500 (psychological level).