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EUR/GBP Continues to Channel Upwards

posted by Avatar FXTimes 290 days ago in EUR, GBP, Technical made popular 290 days ago

The EUR/GBP continued to channel upwards after bouncing off channel support. During the 8/1 and part of 8/2 trading sessions, the market was knocking at the rising channel resistance, until Draghi made his comments after the ECB meeting, disappointing markets that thought he was going to do something whereas he really just kicked the can down...
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