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EUR/GBP buyers stood their ground

The recent EUR/GBP decline has pushed the daily MACD line below zero.

Momentum traders following this technical signal will now more confident that serious inroads to the EUR/GBP downside can be achieved. Long-term sellers should find comfort in the fact that this signal hasn't occurred for more than three weeks on the daily charts.

Positive oscillator behavior in GBP/JPY

Positive oscillator behavior in GBP/JPY
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EUR/USD at critical level on a key week in FX

EUR/USD downside exposed after 400 pip sell off last week, with offers opening with a low of 1.0998 as price oscillates around the 1.110 level at the start of the week.
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