Possible breach of resistance level by EURGBP

EURGBP is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EURGBP continues in its current trajectory, we could see it reach 0.8551 within the next 22 hours.

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