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EURGBP Uptrend is False!

Tue, Aug 11 2009, 11:02 GMT
by Anthony Samaha

ForexSurvivor


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(11 August US) Latest Impact: EURGBP Uptrend is False!

 

                EURGBP seems constructive for now although 8585 has held twice and formed a double top. The uptrend is not focusing on a new sell off right now, not before the price market tests the 8600 lower band. If a daily close avoids closing above the high of the test, then another sell off would be on the radar targeting 8400. For now, standing aside is preferable as the price would be contained between 8620 and 8550.

 

 

 

 

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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

 

 

 

 

 

 


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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. **** Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

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