Forex - Chart EUR/GBP Update: Sharply lower in GBP driven trade - support at 0.8685


 11:40 (GMT) 11 Oct

  [Forex Charts]

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Chart EUR/GBP Update: Sharply lower in GBP driven trade - support at 0.8685 (0101-PJQZ-C01)

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Asterisk denotes strength of level

12:30 BST - EUR/GBP continues to fall in GBP driven trade, with the 0.8723 weekly low of 21 May now reached. Short-term reactions are possible around here, whilst oversold intraday studies unwind, before negative daily readings extend the August bear trend towards the 0.8685/96 area. A more significant consolidation phase could develop here. Meanwhile, a close above 0.8800 is needed to delay downside tests and prompt a cautious Upgrade.


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