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EUR/GBP rebounds above 0.8550 as EUR/USD lifts

Since earlier update here this morning, the Pound has been underperforming versus the dollar and the Euro. Meantime, the EUR/USD has slightly extended its rebound and traded back above the 200 day moving average. The high set a short while ago was at 1.0848 and that 200 day moving average remains in place at 1.0842. The impact of this move, coupled with no rebound in the GBP/USD has pushed the EUR/GBP back above 0.8550. It may have triggered a few stops above there too. The high seen there so far has been set at 0.8555. The next notable level of resistance is in place now at 0.8584 (21 day moving average). The EUR/GBP is currently trading at 0.8554
 

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