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JinDao_Tai
Apr 17, 2023 5:27 AM

EURGBP Outlook 17 April 2023 Long

Euro Fx/British PoundFXCM

Description

The EURGBP broke out of the triangle and beyond the 0.8820 price level to trade significantly higher as the price was driven by a weakening of the GBPUSD.

Currently, the EURGBP consolidates just under the immediate resistance level of 0.8860, with a confirmation of further upside potential if the price breaks above the resistance level.

Beyond 0.8860, the next key resistance level is at 0.8925, with interim resistance at 0.8890.
Comments
InkyGrip
nice Analysis, EURGBP needs to create a new breakout from the resistance
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