FXWW News/GBP crosses/Technical Analysis

EUR/GBP: Strong technical resistance near .8460 holding firm for now

  • The 100-dma and a 61.8% retracement (see chart) are providing very solid resistance;
  • The bearish trend-line and 200-dma  come in closer to .8500;
  • UK CPI data later should ensure a busy second-half of the day.
  1. I already took a short, around 0.8450. The sole bull drivers of EURO(LTRO repayment, bank union progress) seems near the end, plus the technical res, anyone join me?

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