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EURGBP Looks To Weaken More On Loss Of Upside Momentum

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURGBP - With the cross rejecting higher prices to close lower on Monday, EURGBP looks to weaken more on loss of upside momentum. As long as the 0.7415/23 zone continues to hold as overhead resistance, the risk remains lower. Support comes in at 0.7300 level. Further down, support lies at the 0.7260 level where a violation will turn focus to the 0.7220 level. A break will expose the 0.7180 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance lies

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