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The EUR/GBP has been relatively quiet since the end of January, after experiencing a large ramp-up to 0.88. From here we have found ourselves in a tight trading range which consists a lower limit of 0.8400 and a high around 0.88. As a tight trading range, the longer we wait the greater the breakout will be. Considering this, I expect this summer to be farily quiet and that we will see a continuation of this consolidation with a mild bearish tendency. As shown here, price is forming a fairly size…
