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EUR/GBP – strong three day rally (the cross was up 2.1%) started to lose traction after hitting fresh high of nearly three months on Monday (0.8596). Overbought daily studies warn of partial profit taking following steep ascend, which will mark positioning for fresh push higher. Broken 200DMA offers initial support at 0.8558), followed by more […]

The post EUR/GBP: Overbought Conditions Warn of Correction of Steep Three-Day Rally appeared first on Action Forex.

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