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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on February 21, 2011, 11:01:08 am

Title: Trade Idea: EUR/GBP ? Sell at 0.8525
Post by: machala on February 21, 2011, 11:01:08 am

Trade Idea: EUR/GBP ? Sell at 0.8525

<p>Although the single currency slipped to 0.8359, as the currency pair rebounded after holding above last week?s low at 0.8357, suggesting further consolidation above this level would take place and another corrective rise to 0.8450 would be seen, above would bring retracement to 0.8515 (50% Fibonacci retracement of 0.8672 to<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/uWV8di1Nxlw" height="1" width="1"/>

Source: Trade Idea: EUR/GBP ? Sell at 0.8525 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/uWV8di1Nxlw/)