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EUR/GBP – Falling trend line hurdle could be put to test

FX:EURGBP   Euro Fx/British Pound
  • Cross could extend gains to falling trend line resistance seen on hourly chart at 0.7912 levels, if the UK data disappoints expectations.
  • On the other hand, a strong UK data could push the pair back to rising trend line support on hourly chart and reinforce expectation of head and shoulder formation on the daily chart .
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