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EURGBP- Vulnerable, Loses Upside Momentum

EURGBP- With EURGBP seen struggling at higher level prices, it faces the risk of a move lower if failed to surpass its intra day high at 0.7383 level. On the downside, support lies at the 0.7300 level where a break will expose the 0.7250 level.

Further down, support comes in at the 0.7200 level where a violation will turn attention to the 0.7150 level. On the upside, resistance lies at the 0.7300 level where a violation if seen will turn focus to the 0.7350 level.

On further upside, a breach of the 0.7400 level will set the stage for a run at the 0.7450 level. All in all, risk points higher on more strength but with caution.

eurgbp

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FX Tech Strategy

FX Tech Strategy

FX Tech Strategy provides simple forex research for Intra-day, swing and position traders. For over 6 years, FXTechstrategy has been committed to providing forex traders including intra-day, swing and position traders exceptional forex research with technical analysis expertise that makes trading decisions easy and painless. FXTchstrategy won Best Technical Analysis (forex best awards) by fxstreet in 2011 and was finalists, Star Awards by traderplanet in 2011 & 2012.