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- RES 4: 0.8788 50-day EMA
- RES 3: 0.8797 High Feb 9
- RES 2: 0.8739 Low Feb 5
- RES 1: 0.8668/8731 High Mar 3 / High Feb 26 and the S/T bull trigger
- PRICE: 0.8577 @ 17:11 GMT Mar 8
- SUP 1: 0.8568 Low Mar 8
- SUP 2: 0.8541 Low Feb 24 and the bear trigger
- SUP 3: 0.8517 3.0% Lower Bollinger Band
- SUP 4: 0.8467 2.0% 10-dma Envelope
EURGBP is trading closer to recent lows and remains below the Feb 26 high of 0.8731. Technical signals are in a bear mode and recently support at 0.8597, Feb 25 low has been tested. A breach would open the bear trigger at 0.8541, Feb 24 low. A move below 0.8541 would resume the downtrend. On the upside, clearance of 0.8731 is needed to signal a resumption of the recent bounce. This would expose the 50-day EMA at 0.8788.
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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.