After a rebound, the EUR/GBP has resumed its downtrend and should return to the support zone at 0.8285- 0.83. A break below this area would prolong the current trend toward the next medium term support at 0.8160 (medium term retracement). Resistances stand at 0.8420 and mainly at 0.8480. Sell – Stoploss @ 0.8421 – Target @ 0.8161.
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Natixis
