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November 13, 2012

EUR/GBP in Pullback After Trendline Breakout

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Broken trendline: The daily chart for EUR/GBP shows a pair that has broken below a rising trendline going back to the July low of 0.7755. However, the market bounced off the 100-day SMA, and kept the daily RSI above 40, showing it is still hanging on to the bullish bias established by the July... FF News: Technical

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