Mon, Aug 17 2009, 05:25 GMT
by Anthony Samaha
(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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Published on Mon, Aug 17 2009, 05:27 GMT
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