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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on March 07, 2011, 11:00:08 am

Title: Trade Idea: EUR/GBP ? Sell at 0.8650
Post by: machala on March 07, 2011, 11:00:08 am

Trade Idea: EUR/GBP ? Sell at 0.8650

<p>As the single currency has risen again after brief pullback, suggesting near term upside risk remains for the rise from 0.8357 to extend an exhaustive upmove to 0.8650, however, loss of near term upward momentum would prevent sharp move beyond there and reckon resistance at 0.8672 would hold, bring retreat<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/X3AQ7Alb4OU" height="1" width="1"/>

Source: Trade Idea: EUR/GBP ? Sell at 0.8650 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/X3AQ7Alb4OU/)