Tuesday, October 7, 2008

Some follow-up...

The EUR/GBP has thus far respected the 78 mark...we had some movement downward last night but most of which has reversed. Until we get a daily close above the .78 line, I'll keep the opinion of this resistance. I would actually like to see another test and bounce off this line for verification sake...that might setup a small short trade.

The GBP/USD break through that 'double bottom' wasn't much of anything and it's sense rebounded...watching.

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