Saturday, October 5, 2013

EUR/GBP Weekly Outlook

EUR/GBP rebounded strongly after initial dip to 0.8332 last week. The development indicates that a short term bottom is formed with bullish convergence condition in 4 hours MACD. More importantly, the consolidation from 0.8806 might have finished too. Initial bias is back on the upside this week for 0.8652 resistance



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