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July 8, 2012

EUR/GBP at new lows and exposes the 0.77 handle

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The EUR/GBP daily chart shows a market has has been in consolidation since early May between 0.7950 and 0.8150.This consolidation followed a bear trend that started about a year ago, from the 7/1 high near 0.9080. It should be noted that the RSI reading in the daily chart has since remained below 60... FF News: Technical

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