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June 17, 2025

EUR/GBP Hits Six-Week Highs: Is Upside Momentum Sustainable?

The EUR/GBP currency pair has recently shown bullish behavior, maintaining its position near the crucial 0.8545 highs. Despite attempts to move downward around the 0.8500 level, euro buyers have actively defended this range. This positive momentum has carried through into Tuesday, leading the pair to approach six-week highs. Traders are now considering the sustainability of this ascent and what factors may influence future price movements. Monitoring these dynamics will be crucial for those looking to capitalize on market trends as they unfold in the coming days.

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