Monday, May 26, 2014

EUR/GBP Daily Outlook

The consolidation from 0.8081 temporary low is still in progress and intraday bias remains neutral. In case of stronger recovery, upside should be limited well below 0.8183 resistance and bring fall resumption. Below 0.8081 will extend the larger fall to 100% projection of 0.8584 to 0.8157 from 0.8399 at 0.7972.



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