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Recent Posts
- Trade Idea Wrap-up: USD/JPY – Hold long entered at 84.50
- Trade Idea: USD/CAD – Hold long entered at 1.0510
- ECB To Extend Full Allotment Of Refinancing Operations Towards Year-End
- EURUSD: Struggling To Recover Higher
- U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
- Monthly Economic Outlook – August 2010
- Trade Idea Update: GBP/USD – Sell at 1.5470
- GBP/USD – Approaching Sell Zone
- FX Monthly – August 2010
- Trade Idea Update: USD/CHF – Sell at 1.0465
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EUR/GBP Archive
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EURGBP: Hammer-Triggered Recovery Set To Extend
Posted on July 11, 2010 | No CommentsWith the cross’s hammer formation the previous week pushing it strongly higher the past week, we now see the risk of a continuation of that bull run towards its May 06/27′10 highs at 0.8421/26 as a we enter a new week. However, EURGBP’S immediate challenge... -
Trade Idea: EUR/GBP – Buy at 0.8200 or sell at 0.8440
Posted on July 9, 2010 | No CommentsAs euro has eased after intra-day marginal rise to 0.8384 (yesterday’s high was 0.8380), suggesting consolidation would be seen and retracement to 0.8300 and 0.8226 (50% Fibonacci retracement of 0.8067 to 0.8384), however, as low has been formed at 0.8067 as wave v, reckon 0.8188... -
EURGBP: Risk Continues To Point Higher
Posted on July 8, 2010 | No CommentsContinued strength saw the cross rallying strongly on Tuesday and increasing risk of a move higher towards its Jun 20’10 high at 0.8384. This development is coming on the back of a corrective recovery started from the 0.8066 level, its 2010 low. Above the 0.8384... -
EUR/GBP: Stalking Possible Topping Action
Posted on July 7, 2010 | No CommentsThe Euro has been gaining against the Pound since last week. This is in the context of a downswing since mid-March. Therefore, the overall mode is still bearish. You can see that more clearly in the daily chart. The 1H chart shows some short-term topping... -
Trade Idea: EUR/GBP – Buy at 0.8190
Posted on July 3, 2010 | No CommentsAs the single currency has maintained a firm undertone after this week’s anticipated rebound and price just broke above indicated minor resistance at 0.8274-76, adding credence to mildly bullish count that wave v has possibly ended at 0.8067 and consolidation with upside bias remains for... -
Trade Idea: EUR/GBP – Buy at 0.8130
Posted on July 1, 2010 | No CommentsCurrent anticipated rebound (our long position entered at 0.8100 met target at 0.8230 with 130 points profit) adds credence to mildly bullish count that wave v has possibly ended at 0.8067 and consolidation with upside bias remains for gain towards minor resistance at 0.8274/76 but... -
EUR/GBP: Accelerated Down Swing Reflects Wave 3
Posted on June 29, 2010 | No CommentsThe EUR/GBP continues to slide. In Friday’s weekly update, I mentioned that the bearish outlook was confirmed, and I was waiting for a short rally to 0.83 before further decline. The rally attempt was thwarted at 0.8275, and the market declined sharply ahead of the... -
EUR/GBP Extends Fall to Hit Fresh 19-Month Low
Posted on June 28, 2010 | No CommentsPrice action on EUR/GBP, a daily chart of which is shown, has just further extended its fall within the prevailing downtrend, breaking down below strong support, as last week’s EUR/GBP analysis indicated might be the case. In breaking down below key 0.8200 support on Monday... -
EUR/GBP Sees Bullish Divergence at 0.82 Support
Posted on June 25, 2010 | No Comments1H and 4H: The 1H chart shows a EUR/GBP pair declining, with the 50-period MA crossing below the 200-period MA. There is a bullish divergence with the RSI suggesting that the 0.82 area is supporting the pair, and it may be in some consolidation. The...