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If we look at the weekly chart on EUR/GBP, we see this pair is now trying to reach 0.8985 before the price is back to the downside again. However, this scenario will be automatically canceled if this pair retraces downwards and closes below the 0.8813 level before the price reaches 0.8985.
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The material has been provided by InstaForex Company - www.instaforex.com