Home » Euros to Pounds Daily Chart » Euros to Pounds – Daily Chart 8th January 2010

Euros to Pounds – Daily Chart 8th January 2010

The $uros to poundstrong>currency pair continues to consolidate in a relatively narrow trading range, and having established a relatively strong platform in the 0.8850 price region, the question now of course is will this provide the platform for a sustained move lower? Technically the daily fx chart for the euros to pounds pair is starting to take on a bearish flavour, with the lower highs of the last three up moves, suggesting that the market is running out of steam, with yesterday’s minor shooting star simply confirming this view. The key $echnicalels in the short term on the daily fx chart are now in place at 0.9150 to the upside and 0.8850 to the downside, and no doubt the euro will be influenced by this afternoon’s NFP data which is due for release shortly, with US dollar positive news prompting a possible sell off in the euro which may also be reflected in the euros to pounds pair to some extent, but with the UK economy still languishing in recession the pound is more of a basket case than the euro at present!

What is one of the best retail $orex tradingtforms?  In my view it is $etatrader Advanced, powerful & intuitive it now comes with ECN execution, so you can happily scalp away without broker or dealer intervention.  Just download your free demo copy of $T4following this link – download metatrader free –  and get started today.  Don’t forget to follow my daily posts for updates and $nalysisthe $orex marketshelp you with your forex trading – so good luck and good trading.