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EUR/GBP Technical Analysis: fails to confirm a bullish breakthrough a descending channel

   •  Bulls struggled to sustain above 0.8800 mark after upbeat UK manufacturing PMI.
   •  Fresh selling could drag it back towards 50-period SMA support on 4-hourly charts.
   •  A follow-through weakness might again expose descending trend-channel support. 

EUR/GBP 4-hourly chart

Spot rate:        0.8786
Daily High:      0.8809
Trend:              Turning bearish again

Support 1:        0.8760 (50-period SMA H4)
Support 2:        0.8721 (S3 daily pivot-point)
Support 3:        0.8698 (weekly/1-month low)

Resistance 1:   0.8809 (daily swing high)
Resistance 2:   0.8830 (R2 daily pivot point)
Resistance 3:   0.8842 (May 4th/monthly high)

Austria Unemployment down to 286.1K in May from previous 308.9K

Austria Unemployment down to 286.1K in May from previous 308.9K
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WTI regains bids above $ 67 mark ahead of US drilling report

WTI (oil futures on NYMEX) reversed losses and jumped back into the bids, mainly driven by an improvement in risk sentiment, as reflected by reboundin
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