Forex Trading: Pressure On EUR/USD Has Extended To EUR/GBP

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Forex Trading: Pressure On EUR/USD Has Extended To EUR/GBP

By Greg Michalowski on January 14, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The EUR/GBP is approaching support at the 100 hour moving average. This level comes in at the 0.9000 level which also corresponds to the 38.2% retracement level of the move up from 0.7701 to 0.9802. A move below should pressure the pair.

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