The Euro has been gaining against the Pound since last week. This is in the context of a downswing since mid-March. Therefore, the overall mode is still bearish. You can see that more clearly in the daily chart. The 1H chart shows some short-term topping developing. This pair continued to
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EUR/GBP: Stalking Possible Topping Action
– July 7, 2010Posted in: Forex Technical Analysis