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FxWirePro: EUR/GBP Daily Outlook

Thursday, April 9, 2020 5:21 AM UTC

EUR/GBP chart - Trading View

EUR/GBP is holding strong support at 200-DMA.

Major trend in the pair is neutral, while minor trend is bearish.

Volatility is rising and break below 200-DMA could drag the pair lower.

Next major support lies at 50-DMA at 0.8707. Bounce off 200-DMA negates any bearish bias.

UK data dump amid COVID-19 news will be watched for further impetus.

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FxWirePro: EUR/GBP Daily Outlook

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