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June, 11 - EUR/GBP: Retesting 0.9056/86 area

The EUR/GBP chart shows the 0.8863 uptrend holding.

EURGBP1106EUR/GBP has eased back to trend line support at 0.8863 which is holding, and the market is reasserting its up move. A bullish bias will be maintained while above the short-term uptrend and we look for the market to retest 0.9056/86, the recent high.

Above 0.9086 we target 0.9184, then 0.9323, the 61.8%, and 78.6% retracement of the move seen since March.

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