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EUR/GBP

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Publish Date29/11/2012 01:13:32 PM

Last Update29/11/2012 01:21:44 PM


 Midday Report

EURGBP

The pair rose stabilizing above the main ascending support once again, and is now trading above Linear Regression Indicators. Hereon, the possibility of a continuing bullish wave has returned, and stability above 0.8100 allows positivity to persist .

The trading range expected for today is between the key support at 0.7985 and the key resistance 0.8165.

The short-term trend is to the upside targeting 1.0370 as far as 0.7785 remains intact.

Previous Report

Weekly Report

Support0.81000.80550.80300.80000.7985
Resistance0.81350.81650.81900.82000.8225
RecommendationBased on the chart and explanation above, our opinion is to buy the pair above 0.8100 targeting 0.8135, 0.8165 and 0.8190 and stop-loss with four-hour closing below 0.8060.


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