Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Interesting developments in eur/gbp. This past 1 1/2 weeks there was a phenomenal amount of money flowing into eur from gbp. No surprise that it broke the .9. Coupled with further rate hike chatter in eur, the break of 5150 is imminent. The real resistance will be .5285. If 4880 breaks, 4650 is solid support. But as long as widening rate differentials favor eur, we'll see those 50s, even 60s.
da groupa bery nervus now wid dan dada out in da gulf...
pre oiled fish...and rum..
latr bwoys..
Dave..they are sailin morgan out of kingston for negril today..
had some touchup...I know she missies mi..
don't embarrass yourself.....power of range trading..and if you don't 'blow your own trampet'..what DO you blow?
fyi
..now at $1.4782, with dealers saying the move was an extension of
the pair's recent range-bound consolidation, within the established
$1.4750 to $1.4890 band. These are likely to remain intact today, no
sign of any major flows to break either way, MNI techs show immediate
resistance at $1.4904/10, the high of Dec 2009 and the daily Bollinger
band top, respectively.