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On the 4 hour chart, we see that the EUR/GBP pair is now moving to the 0.8578 discount array area as its prime target. As long as this pair does not retrace and break out above the 0.8786 level, the pair is highky likely to drop. The overall bias for EUR/GBP is bearish.
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The material has been provided by InstaForex Company - www.instaforex.com