Yesterday’s wide spread down bar for the $uros to poundsrency pair, finally added some much needed momentum to the downwards ‘drift’ we have seen in the pair for the last few weeks, and more importantly closed below the strong support level at 0.8660, which had...
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Euros To Pounds – Daily FX Chart 30th April 2009
Having failed to breach .9025 in yesterday’s trading the $uros to poundsr now faces the prospect of 2 or 3 days of thin markets owing to the May Day holidays tomorrow and Monday, end of month fixing and traders squaring positions all of which will...
EUR/GBP – Euros To Pounds Daily FX Chart 29th April 2009
With Nowotny’s comments now a dim and distant memory the $uros to poundsr rallied yesterday recovering some of the losses directly attributable to his off message remarks, with the close of the day finishing well above both the 9 and 14 day averages which are...
Euros To Pounds – Daily FX Chart 28th April 2009
Just as the Euro was ambushed against the US Dollar following the off message comments by Ewald Nowotny the Head of Austria’s central bank and ECB member, so it was against the UK pound, with the $uros to poundsr ending the day on a wide...
Euros To Pounds – Trading Currency Chart 27th April 2009
There is very little in the way of $undamental newsthe economic calendar for either the pound or the euro today. In the UK we had the BBA (British Banking Association) mortgage approvals which came in far worse than expected at 26k against a forecast of...
Euros To Pounds – Daily Forex Chart 23rd April 2009
Interesting times in the $uros to poundsr which reacted to yesterday’s UK budget which effectively declared the UK to be bankrupt and drowning in a sea of debt. As a consequence the pair closed the day on a wide spread up bar of almost 200...
Euro Pound Currency Chart – 15th April 2009
Yesterday’s wide spread down bar of almost 100 pips provided much needed momentum to the bearish tone for the $uros to poundsrong> pair, and this has continued through into trading during the London session, and more significantly is now deep in the congestion area between...
Currency Trading – EUR/GBP Daily Chart 8th April 2009
We are now entering a significant area of the daily chart for the $uros to poundsr, as we are now approaching the strong support area in the 8950 – 9000 region, which may well dictate the future direction of the currency pair in the medium...
FX Trading – Euros to Pounds Daily Chart 7th April 2009
Yesterday’s candle added to the string of consecutive down days that we have seen in the last 2 weeks but as with last Friday’s candle the closing price finished just above the 40 moving average and with the low of the day bouncing off the...
Euros To Pounds – Daily Candle Chart 6th April
Friday’s candle confirmed the bearish sentiment for the $uros to poundsr once again making that six down days in a row and closing just marginally above the 40 day moving average. With the 14 day average now crossing above the 9 day average will add...
