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Eur/Gbp finds some support at 200 hour M/A

Written December 2, 2009 at 5:40 AM EST by Vincent Facchino 

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Eur/Gbp has traded down to its 200 hour M/A (.9056) and has found some support there for now. In the last 3 hours of trding the pair has given up just under 50 points.

If Eur/Gbp can hold look for a partial retracement of this move to the 38.2% fibo at .9085. A break below could bring the pair down to .9020 area, with light support at .9043 along the way.

vincent_fx00011

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2 Responses to “Eur/Gbp finds some support at 200 hour M/A”

  1. imtiaz on December 2nd, 2009 6:42 am

    your predictions are very good if u give us at londonsessiob then its more fruitfull for us.

  2. Greg Michalowski on December 2nd, 2009 6:54 am

    We are working on that…>Greg

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