EURGBP Bull Pressure Now Builds Up On Resistance Zone

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EURGBP- Having reversed its intra day losses to close slightly higher on a rejection candle on Monday, bull pressure now builds up on resistance zone at 0.7250.

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12/8/2015 www.fxtechstrategy.com FXTechstrategy GBPUSD Technical Strategy Currency Technical Research www.fxtechstrategy.com EURGBP: Bull Pressure Now Builds Up On Resistance Zone Gives You A Trading Decision Edge Tuesday 08 Dec’15 Highlights:

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F 12/8/2015 www.fxtechstrategy.com FXTechstrategy Commodity Technical Strategy EURGBP: Bull Pressure Now Builds Up On Resistance Zone EURGBP- Having reversed its intra day losses to close slightly higher on a rejection candle on Monday bull pressure now builds up on resistance zone at 0.7250. On the upside resistance lies at the 0.7240 level where a violation if seen will turn risk towards the 0.7280 level. Further out the 0.7320 level comes in as the next upside target followed by the 0.7360 level. On the downside support stands at the 0.7160 level where a violation will push it lower towards the 0.7120 level. Further down support lies at the 0.7080 level where a violation will turn focus to the 0.7050 level. A break will expose the 0.7000 level. All in all the cross remains biased to the upside in the short term as bull pressure now builds up on resistance zone at 0.7250. USDCAD

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f 12/8/2015 www.fxtechstrategy.com FXTechstrategy FXT Technical Strategist Plus This report is prepared solely for information and data purposes. Opinions estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty express or implied is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer Disclaimer

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