Looking for lower levels in EURUSD, CABLE, Bunds and Equities though.
EURGBP is a tough one. Conflicting signals as the Marabuzo line created 5 weeks ago is basing the downside on a weekly closing basis. But while I would normally expect this point to have acted as a platform for demand there has been a distinct lack of follow through.
Take a look at the chart below - any thoughts?
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