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Triple-top now in place: EUR/GBP technical analysis
The euro currency remains on the back foot against the British pound as the recent rally towards the 0.9500 level continues to unravel. EUR/GBP technical analysis shows that a series of lower highs on the daily time frame has created a bearish triple-top pattern formation. The EUR/GBP pair has fallen below the 0.9000 level as the euro currency remains pressured on the foreign exchange market, while the British pound has staged a solid recovery against a broad basket of currencies. EUR/GBP analysis shows that three failed upside attempts have helped to form a bearish triple-top pattern on the daily time frame. So far, ... (full story)