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Yesterday we posted in this blog about a Bearish Engulfing Bar on the daily chart of the EURGBP. To read that post see here: EURGBP BEEB
After posting this setup price moved lower to test the Very Big Round Number of 80.00 before moving back higher to close higher off the daily lows.
If price can manage a move back lower and move through the VBRN of 80.00 we may see the next leg lower.
EURGBP DAILY CHART – 2 NOV 2012
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