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Euro Crosses To Test Support

Discussion in 'Technical Analysis' started by ActionForex.com, May 5, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Expect the EURGBP to reach the former 4th wave congestion zone (.7391-.7612) over the next few weeks. Near term, there is a resistance line just above today's high and a series of lower highs and lows since the high in mid-April. Stay bearish against .7947.

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