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EURGBP Stable, to Storm

Mon, Aug 17 2009, 05:25 GMT
by Anthony Samaha

ForexSurvivor


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Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.

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(17August Asia) Latest Impact: EURGBP Stable, to Storm

                EURGBP maintained narrow trading swings in the last 3 trading days and is being squeezed to generate a downtrend once a daily close below 8550 is accomplished, target becomes 8400. From the bullish side, the market price has no evidence of continuation since last week high and July resistance trendline may compose a bi-resistance.

Summer time and the stops are allocated above. Market behaviour lives on stops allocation most of its time, so be careful!

Buy EURGBP @ 8663 for 15pips

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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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