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MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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EUR/GBP - Bearish Breakout

EUR/GBP has ended the short-term bullish momentum. Hourly resistance lies at 0.7755 (20/01/2015 high) and hourly support is given at 0.7350 (25/12/2015 low). Expected to show further consolidation.

In the long-term, prices tend to reverse from the underlying declining trend. The general oversold conditions suggest a growing upside momentum. A key resistance at 0.7592 (03/02/2015) has been broken.

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