Saturday, April 30, 2011
EUR/GBP Weekly Outlook
Despite edging higher to 0.8936 last week, EUR/GBP failed to sustain gain there and retreated. Initial bias will be neutral this week for some consolidations. But we'd continue to favor another rise as long as 0.8739 support holds. Above 0.8936 should bring rally resumption towards 100% projection of 0.8067 to
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