July 18, 2011
EURGBP UPDATE Bounces out of 0.8720 as expected on its first attempt on the level in over a month. So far a high on the day at 0.8780 still repects the channel noted yesterday. It seems we will get a bullish close on EURGBP above 0.8750 today. 0.8820/50 are key to the upside as we head into the BoE meeting minutes release. Watch for sellers to step in for a bigger move to the downside. A hold below 0.8850 confirms. Trade what you see!

EURGBP UPDATE

Bounces out of 0.8720 as expected on its first attempt on the level in over a month. So far a high on the day at 0.8780 still repects the channel noted yesterday.

It seems we will get a bullish close on EURGBP above 0.8750 today. 0.8820/50 are key to the upside as we head into the BoE meeting minutes release. Watch for sellers to step in for a bigger move to the downside. A hold below 0.8850 confirms. Trade what you see!

12:21pm  |   URL: http://fmfx.tumblr.com/post/7770467212/eurgbp-bullish-close
(view comments) 
(No. OF NOTES: 2)
  
FILED UNDER: EURGBP 4hr chart trading commentary 
  1. fmfx posted this
blog comments powered by Disqus