Monday, May 24, 2010


EUR / GBP moved down quite significantly this afternoon. Pair currently available in .858. Action buy at 0.86 does not seem able to reduce the rate of movement of the EUR / GBP. A statement on the current Eruters mentioning middle of a very bad condition of Spain, and China is also currently considering the European crisis, it is feared impact on China's decision against the Euro. The next target is in the level of 0.856.

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