EURGBP in the final stages of a possible bullish correction move

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There is a recovering from losses taking in place at H1 chart, because EURGBP was trading below the 200 SMA.

Currently, EURGBP pair is trying to form a bullish pattern (higher high) in order to reach the next resistance zone around the 0.7112 level.

There is another scenario which could be advising us about a possible dynamic resistance offered by 200 SMA and that could push lower the pair to test new lows.

RSI indicator is still at positive territory.

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