Wednesday 1 September 2010

EUR/GBP...continued











I have been bullish for some time due to the inability of price to touch the green CL in the 240 chart below and yesterdays charts. Yesterday we saw a break out taking out previous highs. o/n and today we saw a very shallow RT of under 38.2% and today we saw the break through the RL where i went long and vertical movement which indicates the dynamics of price action have changed. Next level is the green UMLP at .8330 ish

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