EURGBP finds feet at 61.8% Fibo but downside risks remain

EURGBP’s latest decline traced the lower Bollinger band before unearthing some positive traction from the 0.8300 handle, which is the 61.8% Fibonacci retracement of the up leg from the more than 5½-year low of 0.8202 until the 0.8457 high. The longer-term 100- and 200-period simple moving averages (SMAs) continue to endorse the now one-month neutral […]

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