EURGBP STILL IN UPTREND
EURGBP reached key technical support yesterday which is marked by the lower boundary of the broad 1:1 structure. Support at 0.8460 is also marked by the 50% Fibonacci retracement of the recent bullish swing started in March 2022.As long as the rate is above the 0.8460 area, we can expect the the pair to continue its upward movement. Moreover, the recent downward move looks like an ABC correction, confirming the bullish scenario.
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