Monday, May 2, 2011

Trade Idea: EUR/GBP – Buy at 0.8830

Despite Friday’s marginal rise to 0.8938, as the single currency has retreated after faltering below previous resistance at 0.8941, suggesting minor consolidation would take place, however, downside should be limited to 0.8805/10 and bring another rise later. A break of said resistance would extend the wave v of the 2nd

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