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EUR/GBP 11/12/18 | EconAlerts

Technical Analysis – EUR/GBP declines below a 3-month high

EUR/GBP declines below a 3-month high; lacks direction in the long-term. EUR/GBP has advanced considerably over the preceding two days, hitting a new more-than three-month high of 0.9086. Today’s pullback shifted the technical indicators from upside direction to sideways movement. The RSI indicator is sloping down after reaching overbought zone, while the ROC oscillator is flattening

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