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EURGBP recently reversed up with the daily Morning Star from the support area lying between the key support level 1.55400, lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse wave (1) from the end of April. Given the strong bearish sterling sentiment seen across the FX markets today – EURGBP is likely to extend the gains toward the next resistance 0.91300 (which stopped the previous impulse wave (1) at the end of June).
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