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EUR/GBP controlled by the euro bulls
A spike higher to £0.8740 then brought out fresh sellers, but despite a drop in the early part of the session it looks like the euro bulls are in control here.
We need to see a recovery back above £0.87 to confirm strength, but so far in the past week, buyers have steadily lifted EUR/GBP, with higher lows indicating bullish momentum. Bears would likely seize control if the price fell below the £0.86 level.
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