Cross-rates signals: EUR/GBP is near significant support

Cross EUR/GBP returned to significant support 0.8980-70 the lows of the last two weeks, amid declining activity and rising general risks. It is worth noting that, despite the general negative sentiment, the risks in the UK are more significant. In addition, the general upward channel  is also preserved for this pair.

Purchase deals for the EUR/GBP pair should be considered at the breakthrough of the level 0.9000-0.8990, which will open the way to resistance levels: 0.9050 and 0.9080. Support is located at levels: 0.8960 and 0.8930.

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Hanzenko Anton

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