AUTOREFRESH 
EUR/GBP technicals: the key to cable moves
By Sean Lee || June 30, 2009 at 22:26 GMT
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EUR/USD is drifting higher in a relatively tight range dictated to by option plays. Therefore, if we know where EUR/GBP is going, we should be able to get a good handle on the cable.
The medium term trend is still bearish. The short-day MAs have had a mildly bullish cross which indicates a period of consolidation but there is as yet no sign of a bottoming pattern emerging. A short term base is in place at .8400 and the solid bearish trendline now around .8660 should provide excellent resistance. Look to play this range until further information arrives.
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