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Eur/gbp Support
.6744/47.......................9/16 August 2007 Low
.6708/21.......................29 June/ 2 August 2007 Low
.6680..............................26 July 2007 Low
.6669..............................october 2006 Low
.6629/39...........................measured Move Lower From March /may
Double Top At .6867/57
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EUR/GBP Today's support: - 0.7852, 0.7840 and 0.7830 (main).
Break would bring 0.7820, where a correction may be. Then 0.7806.
If a strong impulse, we'd see 0.7798. Continuation will bring 0.7786.
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S: 0.7870-0.7875
R: 0.8100-0.8110
Trend: FLAT
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The currency pair has been trading close to a bearish trend-line since the end of March. At least we saw on Monday that the Bollinger Bands contracted as a bottleneck and due to this fact, the EUR/GBP slid again and broke through its S1 pivot point. It seems that downward trend will be continue and may stop at the second pivot support level at first.
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In Profit
this levels (0,86XX) is to high, i think they'll realize from here.
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In Profit
first post happening. now 0.8540, may be another attack to 0.86 but thats it trend is down now
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In Profit
support broken now 0.8480 is next support
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In Profit
broken but flat now. i think there will be flat moves before tommorrow
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