Euro / Livre Sterling
Long
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DeGRAM | EURGBP rebound from 62% retracement level

624
EURGBP is in a descending channel above the descending wedge formed by the trend lines.

The price is moving from the lower trend line and the lower boundary of the channel.

The chart has already consolidated above the upper trend line and is now above the support level coinciding with the 62% retracement level.

We expect the rebound to continue.

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