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February 27, 2012

EUR/GBP Approaches Resistance Cluster with Key Risk Events Ahead

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EUR/GBP's break above 0.84-0.8420 resistance area opened up a quick swing to 0.85 before stalling. The market is now approaching a resistance cluster from the 0.85 psychological resistance to the then-support-pivots seen in September, October, and November 2011 – now tested as resistance. A bit... FF News: Technical

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