The British Pound had a similar trend as the Euro Index in last week's session but with a drop of -1.54% at the end of the trading week. The Index will be looking for support around 128.0 at the beginning of next week opening trades. The long term outlook is still bullish; however, it will need to remain above 128.0 to continue to the upside. The Index could continue down to around 126.9 if it fails at 128.0.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.