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EUR/GBP: bullish momentum has declined

EUR/GBP: bullish momentum has declined

Information is not investment advice

EUR/GBP formed a candlestick with a long upper wick on W1 - a bearish sign. Daily Awesome Oscillator is going down. The pair formed a lower high and may slide to 0.8890 and 0.8860 (23.6% Fibo of May-June advance). Only above 0.8930 the pair will be capable for a small upside.

EURGBP 23.png



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