FX

EUR/GBP turned lower for the second successive day and dropped to a near two-year low. Divergent BoE-ECB monetary policy outlooks continued attracting sellers at higher levels. The set-up favours bearish traders and supports prospects for additional near-term losses. The EUR/GBP cross continued losing ground through the mid-European session and dropped to the lowest level since
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USD/CHF refreshes intraday high, snaps five-day downtrend to bounce off two-month low. Previous support lines from August, January 2021 restrict recovery moves. 50% Fibonacci retracement, November’s low on bear’s radar. Descending RSI line, the key support breaks keep sellers hopeful. USD/CHF rebounds from a two-month low to defend the 0.9100 threshold, around 0.9130 during Monday’s
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