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EURGBP drifts towards key levels

  • HEADS UP!:
  • EURGBP makes another session low and eye a test at immediate support at 0.8300, where some market participants "may" favour fading.
  • Below the latter opens to the edge of the precipice at the 2019/2020 double bottom 0.82822/0.82769
  • A break through the double bottom would open to the 0.82185, the 50% retrace of the 2016/2020 rally.

Chart source: Bloomberg

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