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  1. EUR/GBP Technical Analysis: Waiting for Short to Trigger and Pending Short at 0.7839

    by , 01-19-2015 at 10:13 AM
    Talking Points:

    • EUR/GBP Technical Strategy: Pending Short at 0.7839
    • Support: 0.7804, 0.7761, 0.7727
    • Resistance: 0.7869, 0.7891, 0.7926

    The Euro appears to be resuming its long-term down trend against the British Pound following the appearance of a bearish Three Inside Down candle pattern. Near-term support is at 0.7804, 23.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the 0.7761-65 area marked by the 38.2% and the September 30 ...
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