Monday, September 10, 2012

EURGBP Medium Term Outlook

We still hold an upward bias with .7967, Fridays Marabuzo coming in as good support today. A full AB=CD correction would be .8021 but .8043 is more interesting. This is not only the daily channel top but ‘lines up’ perfectly with 38.2% pullback level from .8507 and .7755

Posted by FXLTR at 9:50 AM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Forex trading on margin carries a high level of risk which can result in substantial losses in excess of your initial investment. Forex trading is not suitable for all investors so consider your objectives, financial condition & level of experience carefully & seek advice from a financial advisor if in any doubt.