EUR/GBP’s fall from 0.8624extended lower last week but recovered after hitting 61.8% projection of 0.8624 to 0.8399 from 0.8463 at 0.8324. Initial bias stays neutral this week for consolidations, and outlook will stay bearish as long as 0.8399 support turned resistance holds. On the downside, below 0.8316 will resume the fall from 0.8624 to 100% […]
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