EUR/GBP Forecast September 6, 2012, Technical Analysis

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By FX Empire Analyst - Christopher Lewis
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EUR/GBP rose during the session on Wednesday as the 0.79 level held again as support. The pair does look heavily supported if that level, although overall it is certainly bearish. Once we get below the 0.79 handle we are more than willing to start selling this pair hand over fist. In order to buy this pair, we would have to get above the massive resistance area that we see all the way up to the 0.81 level. It isn't in till we get above that area that we are willing to start buying this pair again. For us, the trend is definitely down so we want to see that summit 0.79 print.

EUR/GBP Forecast September 6, 2012, Technical Analysis

EUR/GBP Forecast September 6, 2012, Technical Analysis

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