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June 9, 2025

EUR/GBP Shows Signs of a Potential Bottom at 0.8350

The Euro is currently trading flat above the 0.8400 level for the fourth consecutive day. Analysts suggest a potential bottom may form around 0.8350. The recent 4-Hour RSI is hovering at 50, indicating neither overbought nor oversold conditions. Notably, a possible bullish Head and Shoulders pattern, coupled with bullish divergence on the RSI, suggests that a turnaround may be on the horizon. This development could signal a shift in market trends, warranting attention from traders. Continue to track this pair for significant movements that could follow these technical indicators.

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