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EURGBP About to Peak? - EURGBP has....>

EURO-STERLING
EURO-STERLING: EURGBP About to Peak?
- EURGBP has registered eleven consecutive sessions of gains and remains locked
in the uptrend channel.
- GBPUSD earlier breached 1.2700, the move elevated EURGBP towards key
resistance at 0.8791/93 which represents the 50% retracement of the Jan-Mar fall
& 200-dma, a level not closed above since mid-Jan.
- Risk - EURGBP is currently charting a Doji candle, a sign of indecision and
often found at the bottom/top of trends. Technical indicators are also moving
into overbought territory, which could suggest a short-term reversal.
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