The EUR/GBP rose today, and is treading water at the all-important 0.88 level. This area is very important for the bulls to regain control, as if it gives – the support shall certainly fall apart. The market looks like it is trying to struggle and build a base here for another bullish run. If we break today’s highs, we could see an attempt at the 0.90 level before it is all said and done. A break of today’s lows gets us very bearish. This level should determine the next 200 pips rather quickly.
Originally posted here
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