Tuesday, January 24, 2012

Eur/Gbp

Eur/Gbp is fast approaching resistance at 0.8372 which may prove to be a major huddle.A break above may signal further Euro strength given the current conditions. However a rejection may signal bearish move towards 8300 and lower.Again, a trader must be patient and disciplined enough to wait for the setup to come to and not go for it before it manifests itself.
Good luck trading to all and do a thorough analysis before engaging the market as capital flows begin to trickle back into the market.

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