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EURGBP Breakout Could See 0.9090
On October 4, I wrote about a potential breakout on EURGBP. You can see how the pair recently broke above descending channel resistance that extends from the August high. I discussed EURGBP again in Saturday’s forecast video, noting how a close above 0.8920 would expose the next key resistance at 0.9015. That brings us to today’s price action. The EURGBP is well on its way to retesting the 0.9015 resistance level. You can see how 0.9015 served as support in late August before flipping to resistance in early September. As for key support, the 0.8920 is now a must-hold level for EURGBP bulls. This is the area the ... (full story)