Friday, November 1, 2013

EUR/GBP Weekly Outlook

EUR/GBP's sharp decline from 0.8584 last week argued that rebound from 0.8332 might be completed. And, the corrective structure of such rebound raised the chance that consolidation from 0.8806 is still in progress. Initial bias is neutral this week first. Break of 0.8429 support will send EUR/GBP through 0.8832 support.



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