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Below is an excerpt from today’s report for EURGBP:

Yesterday we said: ‘Buying dips to 7970 with a stop below 7940 is the play for today. Upside targets include a 38.2% retracement at 8042 and a minor resistance level at 8096-99.’

Little has changed from yesterdays commentary so following yesterdays dip and marginal weakness overnight Buy 7970. Stop 7940. Targets are 7997, 8010 and 8035.

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