EURGBP advance stalled after hitting former(monthly) trendline support turned resistance @ 0.7770. Additional resistance in the zone comes from July 2012 low of 0.7755. A reversal pattern is already evident on the daily chart with a CCI trend line break. We're looking for price to close below its 20-day SMA to confirm a trend reversal and the fundamental trigger might be the BOE statement regarding future rate hike expectations and economic outlook to be released on Thursday.
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