EURGBP Weakens, Eyes More Decline Towards 0.8800 Zone

28 October 2017, 03:58
FXTechstrategy.com
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EURGBP Weakens, Eyes More Decline Towards 0.8800 Zone

EURGBP- The cross remains biased to downside as it reversed its previous week gains to close lower on Friday. Support lies at the 0.8800 Level where a violation will turn focus to the 0.8750 level. A break will expose the 0.8700 level. Its weekly RSI is bearish and pointing lower suggesting further weakness.  Resistance resides at the 0.8900 level where a violation if seen will turn risk towards the 0.8950 level. Further up, resistance resides at 0.9000 level followed by the 0.9050 level. All in all, EURGBP remains biased to the downside




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