Day: August 26, 2024

EUR/GBP Faces Downward Pressure

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The EUR/GBP pair is continuing its downward trend, with the price falling to a fresh fortnight low. The pair has broken below key support levels, including the 200-day SMA and the 0.618 Fibonacci retracement level. The Relative Strength Index (RSI) is currently heavily oversold, suggesting potential for a rebound. However, the pair’s recent bearish momentum […]

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