Friday, May 30, 2014

Trade Idea: EUR/GBP - Buy at 0.8050

As the single currency has retreated after intra-day initial rise to 0.8153, suggesting consolidation would be seen and downside risk remains for recent decline to resume later, break of last week's low at 0.8081 would extend weakness to 0.8050-55, however, loss of downward momentum should prevent sharp fall below there



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