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Jan 25 - 01:24 AM
EUR/GBP: Forming A Bottom; Neutral Here - ING
First appeared on eFXplus on Jan 24 - 02:30 PM

ING discusses EUR/GBP technical outlook and maintains a neutral bias on a multi-days basis.

"The daily chart is short-term weak, indicating a test of the solid horizontal support area 0.8690-0.8630 in making a bottom. From here we should see the next rise with strong resistance coming in between the flat EMA-200 line at 0.8877 and the still rising MA-50 line at 0.8934," ING notes. 

"The longer-term picture remains sideways between 0.8690/0.8630 and 0.9045/0.9100," ING adds. 

Source:
ING Research/Market Commentary

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