EUR/GBP rose further to 0.8511 last week but retreated sharply since then. Initial bias remains neutral this week first. Prior break of 0.8476 suggests short term bottoming at 0.8201. Further rise will remain in favor as long as 0.8294 support holds. On the upside, break of 0.8511 will target 0.8697 medium term fibonacci level next. […]
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