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EURGBP bullish after breaching 0.80

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURGBP closed above the key 0.80 level on Tuesday and reached an intra-day high of 0.8053 – the highest level since September 2014. This September high at 0.8064 is an important resistance level which if breached, will propel prices higher. A move above 0.8100 would be a strong confirmation of the recent uptrend that started from 0.6981. The outlook is bullish since the market is above the moving averages. On the long term chart, the technicals are bullish. MACD is trending up and is above

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    Next target should be around 0.8100 at least.
     

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