Sunday, November 27, 2011

EUR/GBP 11.27.11


EURGBP looks maintain its down trend channel.  It is forming a Bearish Head and Shoulders patters.  The right shoulder started to form and retraced after striking the 0.500% fib retracement.  Assuming a neck line break, the  next low may be in the 8200's signified on the chart by the dashed line. 

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