EUR/GBP 1H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
The single currency has been strengthening versus the British Pound since early December that was marked by a start of the channel up pattern. At the moment of writing, the pair was faltering slightly above its 50-hour SMA that was acting as a strong support zone. However, selling pressure may appear heavy enough to push the pair beneath this level given that 77.08% of traders are expecting EUR/GBP to follow a downside trend. Meanwhile, technical indicators also call for a short-term weakness but send bullish and neutral signals for medium and long terms.
© Dukascopy Bank SA
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Fri, 13 Dec 2013 07:48:08 GMT

NZD/USD 1H Chart: Channel Up

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Fri, 13 Dec 2013 07:47:59 GMT

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