EUR/GBP's downtrend extended to as low as 0.7244 last week breached mentioned 0.7250/53 briefly. We'd stay cautious on strong rebound and reversal from the current level. Above 0.7403 will turn bias to the upside for 0.7591 and above. However, sustained trading below 0.7250/53 will pave the way to 0.7 round number next.
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