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EURGBP recently reversed down from the resistance zone lying between the resistance level 0.91300, upper daily Bollinger band and the 61.8% Fibonacci correction of the previous downward ABC correction (2) from the end of June. Given the strongly bearish Euro sentiment seen today – EURGBP is likely fall further toward the next support level 0.89500 (low of the previous ABC correction (2) from the start of July) – from where the price is likely to correct up.
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