Continued strength saw the cross rallying strongly on Tuesday and increasing risk of a move higher towards its Jun 20’10 high at 0.8384. This development is coming on the back of a corrective recovery started from the 0.8066 level, its 2010 low. Above the 0.8384 level should push EURGBP further
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EURGBP: Risk Continues To Point Higher
– July 8, 2010Posted in: Forex Technical Analysis