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EUR/GBP - Sharp Reversal

EUR/GBP keeps declining after breaking hourly resistance at 0.7442 (02/10/2015 high). Hourly resistance can be found at 0.7302 (25/09/2015 low). Expected increase of the pair.

In the long-term, prices are in an underlying declining trend. The general oversold conditions suggest a limited medium-term downside potential. A key resistance lies at 0.7592 (03/02/2015 high).

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