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From : FX Daily Hotline: 27 May 2016
Chart of the day: Oversold Euro fall v Sterling slows


The Euro has recorded a 0.5% gain versus the British Pound for Thursday's session.  The chart displays the oversold short-term fall from the Head & Shoulders top formation slowing by the late-January/early-February floor at �0.7526.  However, a sustained push over initial resistance at �0.7754 would be required to indicate more than temporary support in this region.



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