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Joined Aug 2006
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Status: there's a time for everything
|267 Posts
eurgbp has been moving higher pretty relentlessly the past few weeks, going short would be for the brave. That being said, the next 100pips would not be a bad area to short. I'd wait for somekind of catalyst though.
You've gotta step in the way of danger to make money.
0,6660. EUR GBP broke the 0,6610 resistance. EUR GBP is stable after the last bullish movement. The volatility is decreasing. Bollinger bands are tightened. In such cases advices of the people work and that I frequently receive from the net savvy traders who are always available at { Link removed}where the beginners can also share their experiences. It says that the ForexTrend of 1H (Mataf Trend Indicator) is in a bullish configuration.
