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   “¢   The cross struggled to capitalize on last week’s late recovery from multi-month lows and was seen oscillating in a narrow trading band, just below the 0.8700 handle.  

   “¢   The cross, however, seems to have formed a firm intraday base near 100-hour SMA and the set-up favours prospect for a follow-through short-covering move on Monday.

   “¢   Technical indicators on the 1-hourly chart further reinforce the constructive outlook, albeit bearish oscillators on 4-hourly/daily charts might keep a lid on any strong recovery.

   “¢   Market participants now look forward to the release of UK construction PMI before placing any aggressive bets and positioning for an extension of the ongoing recovery trend.

EUR/GBP 1-hourly chart


       Today Last Price:  0.859
       Today Daily change %:  -0.21%
       Today Daily Open:  0.8608
       Daily SMA20:  0.8714
       Daily SMA50:  0.8814
       Daily SMA100:  0.8842
       Daily SMA200:  0.8859
       Previous Daily High:  0.8626
       Previous Daily Low:  0.857
       Previous Weekly High:  0.8702
       Previous Weekly Low:  0.8529
       Previous Monthly High:  0.8842
       Previous Monthly Low:  0.8529
       Daily Fibonacci 38.2%:  0.8605
       Daily Fibonacci 61.8%:  0.8591
       Daily Pivot Point S1:  0.8576
       Daily Pivot Point S2:  0.8544
       Daily Pivot Point S3:  0.8519
       Daily Pivot Point R1:  0.8633
       Daily Pivot Point R2:  0.8658
       Daily Pivot Point R3:  0.869