KeytoMarkets

EURGBP: Bears need a close below 0.8680 (weekly basis)

FX:EURGBP   Euro / British Pound
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We believe this week’s closing will be crucial for the euro cross. While holding at 0.8680 on a weekly basis, the price action will resume the near term rebound to 0.8850 and 0.8930. Alternatively, a weekly closing below 0.8680 could further retrace to 0.8600 and 0.8400 levels.
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