EURGBP neutral

EURGBP close to its two-year long minimum

12 January 2022 431
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EURGBP is approaching the minimum of the winter of 2019-2020. Given that it is largely oversold (according to the RSI), it will be difficult for the pair to cross the level of 0.828. There may be further bounces up. But if the ECB does not stricten its rhetoric, the Euro is doomed for further depreciation.

This content is for informational purposes only and is not intended to be investing advice.

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