Thursday, October 31, 2013

Trade Idea: EUR/GBP - Exit long entered at 0.8505

As the single currency has retreated sharply after rising to 0.8585 earlier this week, suggesting a temporary top is possibly formed there and near term downside risk has increased for correction of recent upmove to 0.8450-55, however, reckon support at 0.8430 would hold on first testing. Only a drop below



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