fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: EURGBP - Vulnerable On Correction  Fri Feb 08, 2013 11:19 am | |
| EURGBP - Vulnerable On Correction EURGBP- The cross weakened further on Thursday following through on the back of its Wednesday losses. This could mean further corrective weakness possibly towards the 0.8500 level with a cut through there exposing the 0.8450 level. We expect a respite to occur and turn the cross back up. On the upside, EURGBP will have to return above the 0.8716 level to annul its present bear threats and. This if seen will drive EURGBP further higher towards the 0.8750 level and then the 0.8800 level. All in all, the cross remains biased to the upside medium term despite correction.  | |
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