Friday, November 29, 2013

EUR/GBP Weekly Outlook

EUR/GBP's choppy decline from 0.8463 extended lower last week to 0.8297. Break of 0.8299 argues that fall from 0.8768, as well as the correction from 0.8806 has resumed. Initial bias is mildly on the downside this week for 50% retracement of 0.7755 to 0.8806 at 0.8281. But we'd expect strong



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