Though it can technically be considered in a medium-term downtrend since the beginning of the year, EUR/GBP has continued to respect an uptrend support line extending from the late October low just below 0.7700. Therefore, the pair is currently still entrenched in a longer-term uptrend until any substantial breakdown of this trendline occurs. For the technicals on this key cross, please click here for Wednesday’s Chart of the Day.
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Yup, it made a move towards parity…