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EUR/GBP Pushes Above Key Resistance of 0.84 and Opens 0.85

EUR/GBP Pushes Above Key Resistance of 0.84 and Opens 0.85

Feb 22, 2012

For the EUR/GBP, the 0.84 handle represents a key resistance for price action since mid Dec 2011. The 2/22 European market pushed the pair above this resistance, making new 2012 highs and breaking out of a consolidation pattern. The 4H chart shows the strength of the breakout candle and the