EURGBP: Takes Out Key Support, Resumes Its Medium Term Downtrend

EURGBP- With continued bearishness culminating in a break and hold below its key support at 0.8485 levels, its Nov 11'2011 low during Monday trading, further bearish extension is expected in the days ahead. In such a case, the 0.8355 level, its Feb'2011 low will come in as the next downside target... FF News: Technical

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