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EUR/GBP Remains Rangebound Ahead of Event-Filled Week

The EUR/GBP maintained a sideways bias into today’s trading session despite several supporting fundamental factors on both sides. The UK press announced over the weekend that the UK might be able to offer every adult in the country the first vaccination by June 10, several weeks earlier than the government’s target. Meanwhile, the governor of […]

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EURGBP Double Bottoms

Key Support: 0.8555 Key Resistance: 0.8600 – 0.8675 Long Term View The EURGBP has been in a really strong bearish market since it broke with the 0.8870 level of support. This level held as support for 250 days. Rigot now we are retesting the next key level at the 0.8550 2H Chart Analysis Last Wednesday […]

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The Pound is down against all majors

Key support: 0.8593 Key Resistance: 0.8720 – 0.8535 Long Term View Since the highs in December the Pound has rallied 7.5% against the Euro (-7.50% move in the EUR/GBP) and last week it rejected the 0.8550 level which is a massive area of resistance turned support from May 2020. 1H Chart Analysis Price is trading […]

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EURGBP bounces from multi year lows

Key Support: 0.8549 Key Resistance: 0.8640 Long Term View The EURGBP has moved down 8.25% from the September 9th 2020 highs ia a very choppy way. This market lacks structure but key levels are very well respected. 1H Chart Analysis The EUR/GBP rejected a multiyear level of support (0.8550) which gave us a buy setup […]

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