For the last week or so our charts have been bullish on the
EURO/STERLING. The rally has been quite strong and may continue towards
the 8800 area and beyond in the coming days. Longs could be taken while
we are above the 8710 area. A break down through this level and we may
see a fall back towards the lovely 50 percent retrace line we have been
trading off lately. With the recent volatility in all pairs we haven't
ruled out a return to that area at some point soon. If that did happen,
it could create another chance to re-enter low risk longs again.
No comments:
Post a Comment