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EUR/GBP eying 50% Fibo

By   || July 30, 2010 at 17:39 GMT
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EUR/GBP is bouncing a bit after holding the 50% Fibo of its 0.8070/0.8525 rally which comes in at 0.8299. We’ve been as low as 0.8305 so far today. Expect a few stops to be placed below that Fibo. Things could get a bit hairy if they are tripped in thin summer Friday month-end dealings.

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