According to analysts of Societe Generale, the euro may fall against the pound below the so-called resistance level at 87.64 pence, a minimum of 7 May. In this case, a pair of Euro / Pound could rush to the February minimum at around 86.38 pence. The breakthrough field of 87.64 is needed to confirm the completion of an upward correction which started in mid-April, and to witness the resumption of the downward movement, launched in mid-March, the level of 94.82.
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