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EUR/GBP continues to trade in a.......>

EURO-STERLING
EURO-STERLING: EUR/GBP continues to trade in a narrow 20-pip range, ignoring the
broader risk-off tone apparent over the last hour and a half.
- Rate last GBP0.8991, virtually unchanged on the day. The close below GBP0.9000
allows bears to take control, targeting the 50% retracement at GBP0.8949, ahead
of the 100-DMA at GBP0.8900. A break here would confirm a reversal pattern.
Bulls need to recover GBP0.9000 before eyeing the heavily congested GBP0.9090/00
zone to extend the uptrend. Rate of course remains largely Brexit-centric.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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