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« GBP/CHF-10 Dec, 2007 | Main | A letter from a college student »

December 11, 2007

EUR/GBP-11 Dec, 2007

Hi Traders,

EUR/GBP has made last high @ 0.7232 and after that started declining on Friday. Yesterday was another leg down from 0.7218 to 0.7179. Today Asian opening, pair has been trading in tiny range 0.7196 and 0.7183.

Is the correction started?

The pair’s direction will be driven from today’s important announcement in UK and German economic calendar:

GBP Trade Balance, German ZEW Economic Sentiment and EUR Economic Sentiment.

Today’s more important announcement will be decision in USD Interest Rate Statement by FOMC!!!

Good luck in trading

Posted at 01:00 AM in Comments about EUR/GBP |

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