Monday, July 28, 2014

EUR/GBP Daily Outlook

Intraday bias in EUR/GBP remains neutral for the moment as consolidation from 0.7873 continues. Considering bullish convergence condition in 4 hours MACD and daily MACD, break of 0.7980 resistance will firstly confirm short term bottoming. Secondly, the larger down trend could have reversed too. In such case, near term outlook



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