Chart Of The Day: EUR/GBP

has been in a descending channel since spring 2021, and the pair just rallied past the .8380 breakdown point leaving the bears being the “bag holders” near term. The squeeze higher should accelerate higher towards the 200-day moving average should a break of the 50-day moving average (.8430) occurs. The RSI has also broken higher too, confirming the squeeze higher.

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