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January 31, 2012

EUR/GBP Makes New Weekly Low with Swing Projection to Wedge Support

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The EUR/GBP is declining in the short-term falling from a wedge pattern resistance since Friday. The week started respecting the 1H 200 simple moving average as seen in the hourly chart, but is now cracking it heading into the 1/31 US trading session as well as making a new low for this week. A... FF News: Technical

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