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Daily technical outlook for EUR/GBP: Societe Generale

Wednesday, February 18, 2015 10:58 AM UTC

Quotes from Societe Generale Cross Asset Research:

-EUR/GBP has broken below multiyear trend line support(0.76) and looks to extend the downtrend. Monthly RSI is breaching a graphical floor.

-The pair looks poised to drift lower towards 0.7250, the 61.8% retracement of 2000-2008 up move and 2003 highs. For the day, 0.7380/35 will be an immediate support.

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Daily technical outlook for EUR/GBP: Societe Generale

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