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MIG Bank

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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EUR/GBP - Weakening

EUR/GBP keeps on declining. The technical structure still shows a clear negative pattern. Hourly support lies at at 0.6982 (17/11/2015 low) has been broken. Resistance can be found at 0.7199 (30/10/2015 high). Expected to further consolidate below 0.7000.

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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