Home » Euros to Pounds Daily Chart » Euros To Pounds – Daily Candle Chart 19th March 2009

Euros To Pounds – Daily Candle Chart 19th March 2009

Yesterday’s wide spread up candle continued into the evening session and we are now looking to retest the 0.95 region and above, with all three moving averages pointing to a move higher.  As suggested in yesterday’s post a break above this region could see a retest of the previous high of around 0.98.  The strategy for today is to buy anywhere around 0.94 region or above with a stop loss below 0.9225  We will looking closely at the weekly close for further confirmation of the medium and long term direction for this pair.  The only $undamental news out later today is a speech by Prime Minister Gordon Brown’s very own glove puppet aka the Chancellor of the Exchequer, Alistair Darling.  So far most of his pronouncements have contributed to a further weakening of the British Pound of the British Pound.

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