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EUR/GBP reversed from support area

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  • EUR/GBP reversed from support area
  • Next buy target - 0.8860

EUR/GBP recently reversed up from the support area lying between the powerful support level 0.8740 (which has reversed multiple downward corrections from June as can be seen below) and lower daily Bollinger Band. The upward reversal from this support area stopped the previous minor impulse wave 3. EUR/GBP is expected to rise to the next buy target at the next resistance level 0.8860.

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