EURGBP currency pair gained since the beginning of today’s session and the range increases from minimum to current maximum is more than 710 pips. As the front of the increase in the hourly chart of EURGBP there was a downtrend, have been broken all support levels that have held back the bulls.
Currently, the correction of dynamic upward movement led price to support at 0.7965, which determine the highs created in the middle of the month. From a technical point of view, this is a significant level of support while the emotions prevailing in the market indicate that tend to stick to the side and return to charts after the weekend. The chart also indicated levels further down, where for the action can enter demand side, if it turned out that the correction will last yet.
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