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EUR/GBP Ia Running Out Of Steam In Overbought Conditions

Published 09/22/2016, 04:57 AM
Updated 07/09/2023, 06:31 AM

EUR/GBP Daily Chart

EURGBP running out of steam in overbought conditions. First support at 8560/55 is quite strong and has held for the last 2 days but below here targets support at 8520/15. Just be aware that further losses target 8480/70.

Above 8590/8600 allows a recovery to retest 8625/30. Further gains could reach 8670/75 then 8690 before the August high at 8720/24.

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