EUR/GBP short squeeze capped at 0.7115

  • EUR/GBP has rallied to 0.7115 earlier, as the Pound came under pressure
  • The topside has been capped there so far and bulls will need a daily close above .7120 for upside momentum to increase
  • EUR/GBP faces resistance from the declining trendline on the Daily, as well as the major resistance area at .7150/60
  • Those are the current one-month highs and also the 50 % Fib of the 0.7385-0.6930 decline

EURGBP EURGBP2

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