* RES 4: 152.31 High Feb 19 * RES 3: 151.62 61.8% retracement of the Jan 10 - Apr 22 bear leg * RES ...
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The trend condition in EURGBP remains bullish and Monday’s strong start to the week reinforces current conditions. Moving average studies have recently crossed and are currently in a bull-mode position - highlighting a dominant uptrend. 0.8592, 61.8% of the Apr 11 - May 29 downleg, has been pierced. Sights are on 0.8624, the Apr 21 high. Support to watch lies at 0.8482, the 50-day EMA. Clearance of this level would highlight a possible reversal.