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28.12.2023 05:39 AM
EUR/GBP H4 | Neutral bias

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The EUR/GBP chart is currently displaying a neutral momentum and the price could potentially fluctuate between the 1st support and the 1st resistance.

Resistance Levels:

The 1st resistance at 0.8687 is categorized as an "Overlap Resistance", indicating its potential to deter upward price movements. Additionally, the 2nd resistance at 0.8723 is categorized as a "Pullback Resistance", emphasizing its role as a substantial barrier to further advances.

Support Levels:

On the support side, the 1st support at 0.8648 is recognized as an "Overlap Support". This level suggests a zone where buying interest may emerge, potentially providing support to the price. Furthermore, the 2nd support at 0.8600 is characterized by a "Pullback Support", reinforcing its significance as a substantial support zone.

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
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