Monday, November 30, 2009

Nordea advises buying euro / pound to decline

Euro / pound so far managed to break through to fresh highs, but Offer near stg0.9140 again kept the bulls, and now the couple is held around stg0.9112. Ongoing consolidation, however, seems constructive, and currency strategist at Nordea, paying attention to improve the technical picture of the couple, advised attempt to reduce the use of the euro against the stg0.9050 for shopping with a stop at stg0.8925 and purpose in the stg0.9350.

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