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EURGBP recently reversed down sharply with the daily Bearish Engulfing from the resistance area lying between the key resistance level 0.91350 (which stopped the earlier impulse wave 1 in June) and the upper daily Bollinger Band. Given the clear bullish sentiment affecting the Sterling today – EURGBP is likely to extend the losses toward the next round support level 0.90000 (former low of the minor correction (ii)/daily Hammer from the middle of July)
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