EUR/GBP Forecast Nov. 24th, 2011, Technical Analysis

EUR/GBP fell hard during the Wednesday session as we pointed out it could on Tuesday. The Germans had a poor bond auction, propelling this pair lower as a result. The 0.86 level as slowed down the descent, and could produce a slight bounce, but the rout seems to be on, and the 0.85 level should be seen next. This pair can be sold on rallies in our opinion.

EUR/GBP Forecast Nov. 24th, 2011, Technical Analysis EUR/GBP Forecast Nov. 24th, 2011, Technical Analysis

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