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Chart Of The Day: EUR/GBP

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 21, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    As displayed on the EUR/GBP daily chart, recent price action on the pair has been characterized by horizontal channel ranging followed by breakouts to the upside, followed by more range-bound activity. This has occurred approximately four times since mid-2007, as can be seen on the chart.

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