#EURGBP @ 0.88376 to enjoy a deeper recovery in the long-term sideways range – Credit Suisse
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EUR/GBP is expected to steadily strengthen within its long-term sideways range, in the view of economists at Credit Suisse.
“The completion of a near-term base above 0.8823/29 is expected to provide the platform for a deeper recovery in the long-term sideways range.”
“Resistance is seen at 0.8904/08 initially, above which can see strength back to 0.9100/14 and potentially 0.9269/92.”
“Below 0.8690 is needed to see the base neutralized.”
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