Wednesday, 12 December 2012

EUR/GBP Anchoring away from Bearish Channel

Falling channel: The EUR/GBP fell last week before and after the BoE and ECB interest rate meetings. It has been falling in a declining channel so far, until the 12/11 session. After some sideways action to start the week 12/10, we got a push above 0.8060, which formed a bottom as well as break above the falling channel.

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