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EUR/GBP Breaks Down Uptrend Channel

posted by Avatar jameschen 577 days ago in EUR, GBP, Technical made popular 577 days ago

EUR/GBP (a 4-hour chart of which is shown) as of Wednesday (10/27/2010) has broken down below a key parallel uptrend channel that has characterized this currency pair since the September lows. This channel breakdown was swift and strong, and highlights the recent reversal of fortunes between the euro and the British pound.
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