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Eur/gbp Has Pursuit Its

Title: Technical analysis of the EUR/GBP pair on December 21th, 2011
Commentary of the EUR/GBP pair: The pair EUR/GBP has pursuit its bearish movement and is currently testing the support at 0.8350. The pair is still moving below its bearish slant. All indicators are bearish. We maintain to trade only short positions as far as 0.8425 is resistance. The breakout of 0.84 will give a new sell signal and open the way towards 0.8350. In case of return above 0.8425, we will wait the breakout of 0.8450 to advise long positions. See the previous analysis of the EUR/GBP pair of December 20th, 2011 EUR/GBP Analysis



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