20th Jun - S/term Bounce in EUR/GBP Possible
20 June 2014
The market is now returning towards long term 61.8% support.
DAILY CHART:
The current downleg has now reached/eroded the 76.4% pullback level. Support is also offered by the bear channel base projection. Some sort of pause/ rebound is considered likely around here, but is expected to be temporary though, ahead of lower levels.
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