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Forex Video Technical Update 04/11/2010 – EUR/GBP Ahead of the BoE and ECB Event Risks
Written by article default Thursday, 04 November 2010 10:44
The EUR/GBP has turned its corner and is showing a bearish correction. With the Bank of England’s Monetary Policy Committee to make its interest rate statement at 8:00AM ET and then the European Central Banks to follow at 8:45AM ET. The EUR/GBP is squaring up, basically in a rally correction against a correction decline. Now as we prepare for This Thursday’s European session, let’s stalk the EUR/GBP and see what scenarios we can expect.