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- EUR/GBP to skyrocket towards 0.8860 on a break above 0.86 - SocGen
EUR/GBP to skyrocket towards 0.8860 on a break above 0.86 - SocGen
FXStreet reports that economists at Société Générale suggest that an erosion of the 0.86 level would open EUR/GBP the path towards 0.8675 and may beyond.
“EUR/GBP has established itself above short-term Moving Averages and daily MACD has entered positive territory denoting potential upside.”
“A break above 0.8600 can result in a rebound towards 0.8675 and even towards graphical levels of 0.8860.”
“Consolidation above 0.8460/0.8450 will be crucial for further up move.”
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