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July 9, 2012

EURGBP: Bears dominate, retains broader bearish bias

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With EURGBP extending its downside weakness the past week and remaining vulnerable below its broken support turned resistance at the 0.7949 level, there is likelihood of further declines. This if seen will pave the way for a run at the 0.7840 level and then the 0.7800 level. Its broader medium term... FF News: Technical

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