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EUR/GBP consolidates around 0.8650 as sterling awaits fresh drivers


Mar 2, 2021 16:12 GMTFXStreet News
EUR/GBP continues to consolidate within this week’s ranges and has not strayed too far from the 0.8650 level.
The pair seems to be taking its cue from GBP is in wait and see mode ahead of Thursday’s budget.
EUR/GBP continues to consolidate within this week’s ranges and has not strayed too far from the 0.8650 level, where it currently trades flat on the day. In terms of levels of note; Monday and Tuesday’s approaching the 0.8670 mark are likely to offer continued modest resistance ahead of the psychological 0.8700 level and 21-day moving average just to the north of that at 0.87135. To the downside, technicians note Monday’s 0.8620 low, the psychological 0.8600 level below that and then the recent multi-month lows down at the 0.8540 mark. ....

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