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Thought you would have hehe,yep may test it again,thinking about short at 903 as quick burst through 891 nailed on 903,on the daily.
15min and 5min yuck at the mo,so no direction from them,hourly 881 supp?.
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most in a tight range so far today, so not alot of pips either way yet.
hourly support 6881
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Yep mate all the one's I watch are doing the crab thing,may be worth setting a short at 903,and if goes into it too stong can always pull it,sit on hands day so far though.
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O-yeah did that stop at even thing today,keep in mind when a messy day.
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Strong last few hours slam.
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EUR holding better than GBP miner
think I got your flew[xx(]
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Norwegians are recommending this aat .6750
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But in their usual efficient way did they say short or long?
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___________________
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A relatively
simple model composed of the difference in interest rates (3
mth.), EUR/USD and the comparative development in the two
stock markets currently suggests that EUR/GBP is oversold.
Fair price according to this model is 68.60, which is exactly 1.5%
higher than the current spot price. Looking at technical analysis
there is also several signals pointing towards a correction
higher. The level around 67.55 should be very good support
given the fact that this exact level represents 61.8% of the move
from 66.10 to 69.90. All in all both economics and technical
analysis point to a move higher in EUR/GBP. Therefore we
have this morning established a new 100% bought tactical
position in EUR/GBP, and our target for this move up will be
the level just below 69. A close below 67.00 will tell us that this
call was premature, and we will close our position.
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