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EUR/GBP nails 0.8602 and rebounds
Earlier today we gain highlighted an extremely important technical support level on the EUR/GBP. That was at 0.8602 and it is the 200 week moving average. Well, guess what folks? Yes, you have got it; the EUR/GBP traded as low as 0.8602 earlier this morning and not a pip lower.
Hence, we really hope you appreciate the reason why we make a point of often alerting you to these really important technical levels- for your benefit and not for any other reason. So, we hope you can also see this level has attracted buyers so far and not any sellers below it. As to whether there will be another attempt on this level remains to be seen. The rebound from 0.8602 has so far delivered a high at 0.8622. It is off that high now though, currently trading at 0.8617
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