EUR/GBP eyeing further gains?

Friday, 24/03/2017 | 09:00 GMT

Disclaimer

EUR/GBP temporarily broke below 0.8640, our target from earlier in the week. The trend lower still appears to have momentum and a break below 0.8630 opens the way for 0.8590, the 38.2% retracement of the post-Brexit rally.

AUD/USD could retest recent lows around 0.7640 before attempting another push higher. Look for resistance around 0.7680, the 23.6% retracement of the March rally the 0.7720.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/eurgbp-eyeing-further-gains

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