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Trend of the Day: EUR/GBP

Wednesday, 03 December 2008 08:25:09 GMT

Written by Gregory McLeod, Power Course Instructor

EURGBP is our Trend for the Day

I am still looking for the EURGBP to retest the .8669 area. We got a very slight pullback during the New York session to .8437. EURGBP closed outside the Pennant on the daily chart. This is extremely bullish. If EURGBP can clear its recent high, there isn’t any resistance before the psychological .9000 area.

Gregs Trend for the day eurgbp 12.03.08
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