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Wednesday, October 7, 2009

EUR/GBP Failure at Resistance Provides Scalping Opportunity

On a day that we saw significant volatility with the RBA unexpectedly raising rates and its implications for the Asian Region it was difficult to settle on a pair to execute scalping strategies. However, the EUR/GBP’s failure at a major resistance levels has given way to ideal scalping price action as traders debate whether to take the pair higher.

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