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Forex: EUR/GBP plunges 35 pips
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FXstreet.com (Barcelona) – After a bullish last week’s Friday and yesterday’s thin range trading, the EUR/GBP plunged 35 pips in Tuesday’s London session.
From 0.8372, the pair fell sharply to 0.8337 low, from where a slight retracement if ongoing. At the moment of writing, the cross is quoting at 0.8341, in line with the 100-hourly MA.
On the upside, resistance may be found at 0.8358 (daily open), 0.8372 (daily high) and 0.8388 (Dec-20 high). On the downside, supports might appear at 0.8320 (Dec-23 low), 0.8305 (Dec-22 low) and 0.8300 (psychological level).
Article source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=c055fa02-4e96-40b8-9ac3-a975ce1ba908
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