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EURGBP 20.3.2025
General Trend:
The price is trading within a sideways range, facing strong resistance in the 0.8442 - 0.8464 zone, which has rejected previous bullish attempts.
Expected Scenario:
Bullish Scenario:
A breakout above 0.8464 could push the price toward 0.8520.
If momentum sustains, further gains toward 0.8600 may follow.
Bearish Scenario:
Rejection from 0.8442 - 0.8464 could trigger a pullback toward 0.8362.
A break below 0.8362 may extend the decline toward 0.8304.
Key Levels:
Resistances: 0.8442 - 0.8464 - 0.8520
Supports: 0.8362 - 0.8304 - 0.8250
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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