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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
for Eur/GBP... looks like it wants to move higher....
expecting move above 8950 in coming months...
how can we interpret this?
more like sideways with slightly upward bias for Euro and big downmove for GBP... well tha's how i see it... :)
if GBP settles below 5700 level again.... see it dropping to 4700 level this year...
maybe playing it too safe? :)
things will be clearer by friday and this week's close...
if USDx close above 78.3 level this week... could see correction back up to 80 before dropping to test 76/76.50 support...
let's wait and see...
1.37 soft resistance
all i know it's still pointing up short term... weekly/daily/8 hours still pointing up...
break of 3570 would be first good signal it has topped currently rally from bottom but needs to clear 3520 support to confirm for drop to 3350/70 then 3200...
ashraf had a good imt
what u say catnips?
yes.. i see both... :)if we see weekly close above that level.... could see extension higher first with minimal corrections only...