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Chart Pattern: Cup and handle
- EUR/GBP has made a high of 0.7169 and slightly declined from that level. It is currently trading at 0.7135.
- Overall trend is still bullish as long as support 0.7060 holds.
- Any break below 0.7060 confirms short term weakness, a decline till 0.7000 is possible.
- On the higher side minor resistance is around 0.7160 and any break above would extend gains till 0.7225/0.7290.
It is good to buy at dips around 0.7100 with SL 0.7060 for the TP of 0.7170/0.7225
