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14 May 2013
Forex Flash: EUR/GBP near term strength - Commerzbank
FXstreet.com (London) - Forex Flash: EUR/GBP near term strength - Commerzbank
EUR/GBP has seen further near term strength and Karen jones, Analyst at Commerzbank suggests that it is set to test strong resistance offered by the 55 day ma and the 2013 downtrend at 0.8522/34 – where she feels that the market should ideally see failure and a slide back to the .8387 and 3 month support line. She recommends a stop loss at 0.8540
EUR/GBP has seen further near term strength and Karen jones, Analyst at Commerzbank suggests that it is set to test strong resistance offered by the 55 day ma and the 2013 downtrend at 0.8522/34 – where she feels that the market should ideally see failure and a slide back to the .8387 and 3 month support line. She recommends a stop loss at 0.8540