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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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EUR/GBP Archive
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Trade Idea: EUR/GBP – Buy at 0.8155
Posted on June 24, 2010 | No CommentsAlthough the single currency has remained under pressure and recent wave v decline may extend weakness to 0.8150/60, loss of near term downward momentum should prevent sharp fall below there and reckon 0.8100 would hold from here, bring rebound later. Above intra-day resistance at 0.8244... -
EUR/GBP Drops Down to Support Within Downtrend
Posted on June 24, 2010 | No CommentsPrice action on EUR/GBP, a daily chart of which is shown, has been deeply entrenched within a steep downtrend since the early March highs. On Wednesday (6/23/2010), price just established a fresh 19-month low right around strong support in the key 0.8200 price region. This... -
Trade Idea: EUR/GBP – Exit long entered at 0.8250
Posted on June 23, 2010 | No CommentsCurrent selloff on sterling’s broad-based strength has dampened our bullishness and suggests the wave v is still in progress, break of support at 0.8210 would extend recent wave 3 to 0.8150/60, however, loss of downward momentum should prevent sharp fall below 0.8100 and risk remains... -
EUR/GBP Elliott Wave Analysis
Posted on June 23, 2010 | No CommentsAs the single currency has fallen again after meeting renewed selling at 0.8382 last week, adding credence to our bearish count that the wave (B) from 0.8400 has ended at 0.9413 earlier and wave (C) is now in progress with 1: 0.8603, 2: 0.9150 and... -
Trade Idea: EUR/GBP – Buy at 0.8290
Posted on June 17, 2010 | No CommentsAs the single currency has continued to edge higher, we are keeping our view that a low has possibly been formed at 0.8210 as end of wave v and consolidation with upside bias remains for gain towards 0.8425/30 (approx. 38.2% Fibonacci retracement of 0.8774 to... -
EUR/GBP Candlesticks and Ichimoku Analysis
Posted on June 17, 2010 | No CommentsAlthough the single currency fell marginally to 0.8210 last Friday (previous low as 0.8211), lack of follow through selling and the subsequent rebound from there suggest a temporary low has possibly been formed and as price has broken above the Tenkan-Sen, suggesting retracement of recent... -
EURGBP – Completed AB=CD Pattern To Trigger Recovery
Posted on June 14, 2010 | No CommentsAlthough the cross continues to maintain its broader medium term downtrend, a push to the downside was rejected pushing EURGBP back up to close higher at 0.8321 the past week. This development occurred ahead of its .50% Fib Ret (0.6535-0.9410 rally). Another supportive evidence for... -
Trade Idea: EUR/GBP – Buy at 0.8250
Posted on June 12, 2010 | No CommentsAlthough the single currency fell marginally below this week’s low at 0.8211 to 0.8210, lack of follow through selling and current rebound suggest a temporary low has possibly been formed and consolidation with upside bias is seen, however, break of 0.8380/90 is needed to add... -
EUR/GBP: Pikcing Alternative Elliott Wave Count
Posted on June 8, 2010 | No CommentsThe daily shows that we are yet to complete Wave (C), which is an impulse wave. I believe the alternative count is appropriate because the break of the channel should be part of wave 3, not 5, which is suggested by the non-highlighted (i) to...