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EURGBP test MNI tech support

EUR
  • EURGBP is now down 0.34% on the session, and testing that immediate support noted earlier at 0.8531 76.4% retracement of the Apr 5 - 26 rally.
  • A clear break through the latter will open to the psychological 0.8500.
  • But most of the attention for market participants will be the 05/04 low at 0.8472, also the lowest level achieved since 27/02/2020

Chart source: Bloomberg

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