EUR/GBP : Projected Resistance at 0.6851
The critical point of my monthly cycle charts is located at 0.6766. A projected resistant level is positioning at 0.6842 - 0.6851. Initially the market is going to consolidate between 0.6766 and 0.6851. 0.6687 - 0.6691 is a projected supporting level. The market is negative if it is trading below the barrier 0.6572 - 0.6607. If the market momentum is strong enough to overcome the projected resistance at 0.6851, EUR/GBP has a potential to tackle the upper trading range of 0.6917 - 0.6992.
EUR/GBP : Monthly Cycle Charts
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eur/gbp : projected resistance at 0.6851
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Simon Kidston, Non-Executive Director
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