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  1. EUR/GBP : ranging near 200-SMA reversal level

    by , 11-16-2018 at 04:40 PM
    For EUR/GBP, multiple resistance barriers were knocked out within a span of 24 hours. But on the daily chart, we do have the formation of what appears to be a new descending trend line dating back to August. For the time being, this may keep the dominant downtrend since then intact. A push above the line would open the door to overturning the downtrend.

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    However, this would require ascending through the October high at 0.89394. Until that ...