EUR/GBP Possible Reversal
May 28, 2009 by admin · Leave a Comment
On the 4hr chart you can see the pair has toyed with the 61.8 Fib level, yet has been unable to make a strong breach. If the pair is able to close above the 61.8 level it would be a bullish sign with a probable move to the 100% level,… Read more….
EUR/GBP Daily Outlook
May 8, 2009 by admin · Leave a Comment
EUR/GBP’s strong rebound from 0.8763 and break of 0.8874 indicates that an intraday bottom is in place and turned outlook neutral for the moment. Nevertheless, another fall is still in favor as long as 0.9080 resistance holds. Current fall from 0.9494 is still in favor to continue and below 0.9763…
Impact of ECB and BoE Rate Decisions on EUR/GBP
February 4, 2009 by admin · Leave a Comment
Over the next 24 hours, the Bank of England and the European Central Bank will be making interest rate announcements. The Bank of England is the only central bank expected to cut interest rates, but that does not mean that the Euro stay stationary. In fact, we expect some big action in both currencies, which [...]
Euro Struggles With 1.3000 Pound Holds 1.44000
February 4, 2009 by admin · Leave a Comment
Another rambling night of trade in the currency market as the EUR/USD struggled with the 1.3000 handle after staging a reversal in North American session yesterday. Better risk appetite and the growing political woes of the Obama administration helped fuel Tuesday’s rally, but the unit could not hold its gains as dour economic data and [...]