EUR/GBP Shines Again

The bulls have taken full control and have sent the rate above the 0.8993 previous high and now is pressuring the 0.9000 psychological level. A breakout above the static resistance will validate a further increase. We have an important resistance at the 50% Fibonacci line (ascending dotted line), actually could be attracted by the confluence area formed between the 50% line with the warning line (wl3).

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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