Thursday, November 20, 2008

UK Retail Sales (Oct)

UK Retail Sales for October are better than estimated and previous percentage. This result might cause EUR/GBP to drop further to the stronger support level which is around 0.82..

EUR/GBP was dropping to support level around 0.834-0.835 before it rebounding to 0.843-0.844 which is the current position. Let's see how will be the movement trend of this currency pair..

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