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EUR/GBP is finally testing key-resistance at 0.8866. This key-resistance will likely be able to reject the first test for a minor corrective decline to support the 0.8777 - 0.8795 area from where the next attack on the key-resistance is expected. A break above will confirm that a new impulsive rally above the 0.9499 peak.
R3: 0.8912
R2: 0.8890
R1: 0.8866
Pivot: 0.8832
S1: 0.8795
S2: 0.8777
S3: 0.8759
Trading recommendation:
We are long EUR from 0.8765 with our stop placed at 0.8670
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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