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Forex Trading: EURGBP testing resistance at 0.7890

Posted by Greg Michalowski on Fri, 04/04/2008 - 10:11am in

The EURGBP reached a low at 0.7821 after the weaker than expected EURO Retail Sales yesterday.  The pair is now testing the 100 hour moving average at 0.7890.  Expect good resistance here.

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