Wednesday, 18 April 2012


EURGBP has reached an area of interest for me as per yesterdays post but frankly I can't see the long trade here at the moment what with Cable just having taken out 1.60 on the upside with gusto and continued strain ahead for the EuroZone despite EurUsd's nice rally today ( see below Ensign). The problem for me is that this still looks like a sell if we go through the level plus the market is so over sold currently but who wants to try to catch a falling knife?

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