EURGBP technical analysis

EUR/GBP Technical Analysis: Support Trend Line is Breached

EURGBP technical analysisThe EUR/GBP finally showed signs of weakness after UK’s services PMI boosted the pound during Tuesday’s London session. Here is an updated technical outlook.

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eurgbp

EUR/GBP Heading Towards 0.8940

eurgbpEver since mid-February the EUR/GBP never ceased to push up and seems to be headed towards a re-test of last October’s high. Here, we explored one possible development scenario.

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