EUR/GBP – Scope for recovery

OANDA:EURGBP   Euro / British Pound
Tuesday’s bullish grave stone Doji and the loss of bearish momentum despite three straight daily close below 200-DMA             suggests potential for a recovery to 0.8725 (Aug 16 high).

On the lower side, only a daily close below 0.8567 (Friday’s low) would signal continuation of the bearish move and could yield a drop to 0.8460 levels over the next few days.
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