EUR/GBP’s steep decline last week argues that rebound from 0.8201 has completed at 0.8720 already, after rejection by 0.8697 medium term fibonacci level. The development maintains medium term bearishness. Initial bias stays on the downside this week for retesting 0.8201/48 support zone next. On the upside, above 0.8531 minor resistance will turn intraday bias neutral […]
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