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FxWirePro: EUR/GBP weakness extends into European session, eyes 20 DMA support at 0.7310

  • EUR/GBP has retraced almost all of yesterday's gains from 0.7411, and is currently eyeing minor support by 20DMA at 0.7310

  • Euro remains heavily offered versus the greenback in a data-quiet European session, while the Sterling stands relatively resilient to the broad based US dollar strength

  • A plethora of Moving Averages from 0.7311-0.7284 could offer support, a minor bounce may ensue

  • However breaks below 20 DMA at 0.7310 could see the pair test 200 DMA at 0.7299 and then 30 DMA at 0.7284 in sight

Resistance Levels:

R1: 0.7411 (Daily High Sept 24)

R2: 0.7421 (Daily High Aug 24)

R3: 0.7446 (30 DMA Upper Bollinger)

Support Levels: 

S1: 0.7310 (10 DMA)

S2: 0.7299 (200 DMA)

S3: 0.7284 (30 DMA)

  • Market Data
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