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EUR/GBP On The Way Down

The EUR/GBP opened with a gap down today and dropped further. Technically, it should drop much below the 0.8900 psychological level, we have an important downside target at the 0.8813. Support can be found at the third warning line (wl3) as well. Should drop much deeper after the several false breakouts above the ML, the major downside target will be at the LML.

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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