EUR/GBP has removed support from its 55-day average at 0.8623. We are looking for a clear break of the mid-April lows at 0.8588/77 to confirm a more important turn lower.

Beneath the mid-April lows at 0.8588/78, which we look for, should mark a more important failure and turn the risks lower within the broader range, with support seen next at 0.8538/30 and then eventually the 0.8471 low of April. However, the level at the time of writing is a key support level that markets could

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