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Fan Yang

EUR/GBP Still Looks Bullish with Repeated Patterns

EUR/GBP has been bullish throughout 2016 and slowed down in 2017. However, it made a new 52-week high in August and the lows continue to be higher. 

EUR/GBP Daily Chart

(click to enlarge)

Bullish Signs:
- Price remains above the 200-day simple moving average.
- Another pattern is emerging. 
- We have seen double dips followed by bullish continuation swings. 
- Is this another case?
- If so, EUR/GBP has upside at least to 0.93 with the potential of making another 52-week high.

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