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EUR/GBP Forecast Today - 19/08: EUR Falls Vs GBP (Chart)
(MENAFN- Daily Forex)
- The first thing that I recognize is that we are now below the 200-Day EMA, and therefore it's likely that we will continue to see a little bit of negativity.
- That being said, I do recognize that the 0.85 level underneath is significant support as it is a large, round, psychologically significant figure, and it is of course an area that we have seen a lot of noise in previously.
- Underneath, we also have the 50-Day EMA which of course is a very bullish technical indicator.

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