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EURGBP Turned to Bearish With The Brexit News

December 24, 2020
in ANALYSIS, DAILY UPDATES, Forex, Home, MARKETS, Technical Analysis
Reading Time: 1min read
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Positive news from Brexit negotiations have downward impact on EURGBP's price levels
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EURGBP | Daily Chart, MACD(9,12,26

EURGBP | Daily Chart, MACD(9,12,26

EURGBP could not break the 0.9148-0.9176 zone which we stated the importance in our early analysis. With the positive news from the Brexit negotiations, EURGBP is facing increased downward pressure. MACD is also giving bearish signal. 

0.8865 is the first important resistance. If the price can break this level 0.87 can be targeted.

For upward moves, 0.9148-0.9176 zone continues to be a key resistance in the short-term. 

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    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

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