Wednesday, December 24, 2014

EURGBP Vulnerable, Bears Eyeing 6-Year Lows at .7760

Last week, we outlined the bearish case for EURGBP, concluding "If we do see rates drop through [the bottom of the symmetrical triangle pattern at .7840], a continuation down to key support at the six-year low around .7760 is possible". That anticipated break occurred late last week, and after an



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