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Looking for clues to EURGBP

Traders will be looking for clues to where the EURGBP will go. While it has apparently found support at .8900 recently (50% retracement of August to October rally), the direction is unclear if we look at the action from week to week.

Movement out of the supports and resistances in the past two weeks will give clue to the final direction of the pair.

50% retracement of 2 month rally

50% retracement of 2 month rally

Week to week action

Week to week action

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