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EURGBP Turned to Bearish With The Brexit News

FTD Limited by FTD Limited
December 24, 2020
Reading Time: 1 min 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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