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EUR/GBP extends rebound after breakout – Société Générale

EUR/GBP resumed its upward trajectory after breaking out of recent consolidation. Momentum indicators remain supportive, with the pair eyeing 0.8800 and higher levels, while 0.8645–0.8660 serves as near-term support, Société Générale's FX analysts note.

Uptrend intact as EUR/GBP targets 0.8800

"EUR/GBP broke out from a brief consolidation last week resulting in extension of the rebound. Daily MACD remains anchored within positive territory highlighting prevalence of upward momentum."

"If a short-term pullback develops, the lower limit of an ascending channel near 0.8660/0.8645 could be an important support zone. Next objectives are located at 0.8800, the upper boundary of the channel and projections at 0.8850/0.8875."

USD: The last big trading week of the summer – ING

Markets have taken the news of a US-EU trade deal positively.
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GBP/USD: The major support at 1.3365 is unlikely to into view – UOB Group

As long as Pound Sterling (GBP) holds below 1.3480 against US Dollar (USD), it could test 1.3405; the major support at 1.3365 is unlikely to into view.
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