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FxWirePro: GBP/NZD edges higher but bearish outlook persists

FxWirePro- Woodies Pivot(Major)

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EUR/GBP bias stays on the downside

Wednesday, February 25, 2015 10:00 AM UTC

10 & 30-dmas are aligned negatively, reinforcing the overall bearish bias
Market hits new multi-year lows
Cross's scope is on 0.7256 - 61.8% of the 0.5681-0.9805 2000 to 2008 up-leg
Traders remain short at 0.7409 for 0.7260 target in coming sessions

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EUR/GBP bias stays on the downside

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