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EUR/GBP is Bearish But a Strong Support Cluster Resides...

posted by Avatar FXTimes 683 days ago in EUR, GBP, Technical made popular 682 days ago

The 4H chart for the EUR/GBP shows a decisive break below the 0.8950 support pivot, now targeting 0.8845-0.8850. The RSI is breaking below 40, so the bullish momentum is killed. A break below 30 reflects the short-term bearish momentum, but the fact it has been tagging 30 and 70 suggests a more ranging momentum with bullish bias...
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