After yesterday’s nice upward move the EUR/GBP pair dipped today and marked intraday low to 0.8722. As the time of writing the pair is trading at 0.8755 having recovered from the weekly low. A daily close below the daily low will bring additional stength for bears to test the 0.8700-0.8690 region. On the other hand the 0.8755 - 0.0860 zone ofeers immediate resistance followed by the stronger one at followed by the 0.8790-0.8800 (the 50% Fibonacci retracement of 2017 bullish run).
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.
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