EUR/GBP Forecast Dec. 12th, 2011, Technical Analysis

EUR/GBP had another back and forth session on Friday as traders continue to mull over the situation in Europe. The summit produced a reasonably accepted solution, but not a final one. The lack of fiscal union with the Euro will still be a concern, and the UK is so attached to this area that the market is having a hard time differentiating between these two currencies. With this in mind, we think that the pair should continue to bounce around between the 0.85 and 0.8650 levels.

EUR/GBP Forecast Dec. 12th, 2011, Technical Analysis EUR/GBP Forecast Dec. 12th, 2011, Technical Analysis

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