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Trade of the week: short EUR/GBP to 0.7300

IG technical analyst Josh Mahony says he thinks we are seeing the beginning of another move to the downside in EUR/GBP, due to a combination of strength for sterling and a weaker euro. 

All trading involves risk. Losses can exceed deposits.

He says £0.7500 is the crucial level and if it breaks that we could see it head to £0.7300. But do watch for any reversal around the £0.7500, and he would look to trim back on a move through Friday's high of £0.7650.

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