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November 29, 2011

EUR/GBP Breaking Below Short-term and Long-term Trendlines

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The EUR/GBP continues to fall after testing the 200 period simple moving average seen in the 4H chart, and with heavy bearish candles, the latest of which is breaking below a rising support. The next support pivot is near 0.8520. Below that we are looking at the 0.8485 low. The weekly chart shows... FF News: Technical

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