Posts Tagged ‘single currency’
EUR/GBP Elliott Wave Analysis
Written by admin
Thursday, 17 February 2011 10:22
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Although the single currency recovered to 0.8529 last week, renewed selling interest emerged there and euro has fallen again from there, dampening our bullishness and weakness to 0.8285 support cannot be ruled out, however, break there is needed to turn outlook bearish and signal the entire rise from 0.8067 is

 
Trade Idea: EUR/GBP – Sell at 0.8525
Written by admin
Wednesday, 16 February 2011 14:11
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Despite yesterday’s fall to 0.8357, as the single currency found good support there and has staged a sharp rebound today, suggesting a temporary low has possibly been formed and consolidation with mild upside bias is seen, break of yesterday’s high at 0.8449 would bring retracement to 0.8515 (50% Fibonacci retracement

 
Trade Idea Update: EUR/USD – Sell at 1.3545
Written by admin
Wednesday, 16 February 2011 12:47
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Despite intra-day rise to 1.3571, as the single currency has retreated from there on the back of intra-day selloff in cable, suggesting top has possibly been formed and consolidation with downside bias is seen for weakness to yesterday’s low at 1.3460, break would confirm the correction from this week’s low