Sunday, April 6, 2008

For Next Week Eur/gbp

This is another pair I will be watching for a possible short. However, I doubt the market will move much until the BOE and ECB rate decisions. When you get two technical tools to line up like this, the break is usually fantastic. I just wanted to put up this chart to give an example even though I fear the 23.6 line will be disconnected from the trendline by the time the currency sells off.

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