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Friday, September 18, 2009

EUR/GBP establishes intraday high at 0.9039

FXstreet.com (Barcelona) - EUR has gained over 50 pips against GBP, recording intra day high at 0.9039. RSI on the 60 minutes chart rings an alarm bell of overbought condition as that could be a first sign of reversal.

Support are seem at 0.9000 ,0.8970 and 0.8935, while resistances are seen at 0.9055, 0.9080 and 0.9010.

GBP/USD keeps sliding in the early N.Y session, establishing intra day low at 1.6262. RSI on the 60 minutes char moves down into the oversold condition.

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Any type of financial instrument-from electronic transactions to paper currency, checks, and signed, written orders called bills of exchange-that's used to make payments between countries is considered foreign exchange or Forex Trading.

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