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EUR/GBP - Trading In Range

EUR/GBP is moving between hourly resistance at 0.7665 (21/01/2015 high) and hourly support at 0.7525 (22/01/2015 low). Expected to show further increase.

In the long-term, prices tend to reverse from the underlying declining trend. The general oversold conditions suggest a growing upside momentum. A key resistance at 0.7592 (03/02/2015) has been broken.

Daily Technical Report

 

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