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EUR/GBP D1 Technical July 17

On daily chart ¬†EUR/GBP remains on the downside and current fall. However, as noted before, we’ll be cautious on reversal signal as the cross meets next long term fibonacci level at 0.7782. On the upside, break of 0.7906 resistance should indicate short term bottoming and flip bias back to the upside for rebound. Fed Chairman Bernanke Testification can affect the rate of pair.