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Since the EUR/GBP pair touched the 60-minute Bearish Propulsion Block at 0.8429, the pair has already gained bearish momentum, although the Weekly SELL Side Liquidity Pool acts as a magnet area too for EUR/GBP. As long as the pair does not retrace above 0.8416, the bias remains bearish.
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The material has been provided by InstaForex Company - www.instaforex.com