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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on February 28, 2011, 11:02:26 am

Title: Trade Idea: EUR/GBP ? Sell at 0.8640
Post by: machala on February 28, 2011, 11:02:26 am

Trade Idea: EUR/GBP ? Sell at 0.8640

<p>Although the single currency retreated after rising to 0.8593 last week, as long as 0.8490/00 holds, upside risk remains for recent rise to bring another test of said resistance, however, as this move is viewed as a strong retracement of the decline from 0.8672, reckon 0.8650 would limit upside and<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/OCZ5lB601ng" height="1" width="1"/>

Source: Trade Idea: EUR/GBP ? Sell at 0.8640 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/OCZ5lB601ng/)