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Sunday, 22 November 2009 GMT
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Chart of the Day: EUR/GBP
Tuesday, 21 April 2009 04:39:05 GMT
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We seem to be experiencing a change in momentum today in most currency pairs. However, the EUR/GBP may not experience the same reversal.
Here is a 4-hour chart with support and resistance noted. Since most pairs are reversing, the better play might be to wait for the break down through support to sell. But that is just a recommendation. Stops should be placed above resistance with target for profit set at twice that risk.
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