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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on February 16, 2011, 11:00:11 am

Title: Trade Idea: EUR/GBP ? Sell at 0.8525
Post by: machala on February 16, 2011, 11:00:11 am

Trade Idea: EUR/GBP ? Sell at 0.8525

<p>Despite yesterday?s fall to 0.8357, as the single currency found good support there and has staged a sharp rebound today, suggesting a temporary low has possibly been formed and consolidation with mild upside bias is seen, break of yesterday?s high at 0.8449 would bring retracement to 0.8515 (50% Fibonacci retracement<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/0VayYTT4kh8" height="1" width="1"/>

Source: Trade Idea: EUR/GBP ? Sell at 0.8525 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/0VayYTT4kh8/)