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Forex pairs in this Article » EUR/GBP (Barcelona) - After 6 straight days rising, EURGBP found resistance early Tuesday in London at near double top area 0.81, selling off since then, in worst daily loss since July 2012. "Since testing 0.81 (previous high) resistance," says IFR Markets analyst Richard Sexton, "pullback has been sharp," adding: "Best case scenario is sideways consolidation in near term," Richard concludes.

According to FXMarketAlerts Team: "Now .8055/ Mon.'s low is the key ref.: uptrend holds there, maintaining the rising lows trend from end-Sep," the team notes, expanding: "S/t bias is even now; a rotation has .8080 as resistance. L/t levels around .8100-10 are just above," the analysts say.

The team finds support at: .8045 (Fri pm rally accel), followed by .7940 (end-Sep, 1-Oct lows), and .7930 (uptrend fr July low), while for the upside resistance levels are seen at: .8105-15 (14-Sep exc high), followed by .8155 (fr 11-Jun highs), and .8190-5 (excs on 1-May high).
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