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EURGBP Faces Price Recovery Extension Towards 0.8724 Zone

Long
Euro / British Pound (FX:EURGBP)  
FXTechstrategy  
FX:EURGBP   Euro / British Pound
Trend Analysis Harmonic Patterns Chart Patterns Forex forextrading forexanalysis forexsignals forex_signals trading tradingsignals
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EURGBP faces price recovery extension towards 0.8724 zone. On the downside, support stands at the 0.8650 level where a violation will turn focus to the 0.8600 level. A break below here will aim at the 0.8550 level. Conversely, resistance lies at the 0.8850 level. A violation if seen will turn risk towards the 0.8900 level. Further up, resistance comes in at 0.8950 level followed by the 0.9000 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. All in all, EURGBP remains biased to the upside on further corrective upside pressure
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