Comparic

EURGBP below trend line

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FX:EURGBP   Euro / Libra Esterlina
EURGBP – because of lasting since Tuesday depreciation price broke bullish trend line which is now retested from below. It is worth to notice that in the area of resistance there was first bearish reaction and its rejection can open way to further losses. In short term we can consider PUT option on EURGBP.

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