The EUR/GBP continues to fall, and shows that the likely direction is down as long as we are under the 0.88 level. In fact, that level was somewhat retested today, only to fall again. The EUR/CHF is a study in a market that can keep going in one direction, no matter how long in the tooth you think it is. In fact, there is no sign of a slowdown in this fall. With a measured move, we are looking at 1.16 before it is all said and done possibly.
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