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EURGBP Short Term Decline Overdone

By , Sr. Technical Strategist
16 October 2009 16:44 GMT

The EURGBP pullback has reached the area just ahead of the 9/30 and 10/1 lows.  Expect a pullback to begin soon, with resistance at .9207 and .9266.  The decline is impulsive so the rally should be just a correction.

 

eurgbpst

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16 October 2009 16:44 GMT