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How Goldman Made $200M In A Day

How Goldman Made $200M In A Day

The thought of a stock…

The Tech Giants Poised For A Breakout

The Tech Giants Poised For A Breakout

Bullish sentiment seems to have…

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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Daily Technical Report

EUR/GBP: Sell level adjusted lower, with the appropriate changes made to the objectives and stop.

EUR/GBP has found initial support after bouncing from daily channel support near the 0.8300 region. Scope is seen for a minor continuation of the recovery higher. However, hourly structure remains bearish with a lower high sought versus 0.8613 for a fresh swing to re-test 0.8303.

If a sustained break under 0.8303 can be realized then an extension back to the 0.8068 – 0.8142 region would become viable. This view is assisted by the recent push under 1.3146 in EUR/USD, which may act to make EUR cross shorts easier to maintain.

Rising yields in the core Euro-Zone sovereign bond markets is a continued concern and one that may destabilise the FX markets going forward. Within this environment Sterling may well be judged the best of a bad bunch and to a degree be seen as a short-term safe haven, further adding to the potential for downside pressure ahead.

Daily Technical Report

 

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