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The EURGBP has formed a Bearish Engulfing Bar (BEEB) on the daily chart. This BEEB is in-line with the most recent down move on the daily chart.
The weekly chart of this pair also shows a bearish signal in the way of a BEEB.
If price can manage to break lower the near term support comes in around the Very Big Round Number 0.8000. See chart below;
EURGBP DAILY CHART – 1 NOV 2012
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