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Old 03-06-2010, 03:13 PM
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Default EUR/GBP Weekly Outlook

EUR/GBP spiked higher to 0.9137 last week but formed a short term top there and pulled back since then. Initial bias remains mildly on the downside this week and deeper fall could be seen to 4 hours 55 EMA (now at 0.8963). But downside should be contained by 38.2% retracement...
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