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Friday, August 20, 2010

Forex: EUR / GBP 0.8200 falls below retail sales in the UK high

4:23 AM





FXstreet.com (Barcelona) - Euro recovery session low of 0.8215 on trade in Asia was capped at 0.8250, and the couple fell from the Book aggressively bolstered by strong sales figures Retail expansion to levels below 0.8200, session low of 0.8195 hit today. However, the pair could find support at 0.8190 (2008 high-end), and here, 0.8170 (August 13 low) and 0.8130. On the upside, above 0.8215 previous session low, the pair would find resistance at 0.82590 (session high) and 0.8300 figure. Retail in the UK rose 1.1% in July from June and 1.3% over the same month last year, versus the consensus of experts, which called for an increase of 0, 4% monthly and an annual increase of 0.6% during the year. Read more: sales.

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