EUR/GBP has been consolidating in a tight range in the last couple months. However, we are risking a move lower now as we clear the trendline from April. The sustained break of the .9000 level may keep the bears looking for a move back below the .8900 level to the 61.8 Fibonacci retracement at the .8868 level in the days ahead. RSI is also pointing lower, trying to confirm the breakdown of the pair.
Chart Of The Day: EUR/GBP
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