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EURGBP, time to short?

  • Post #1
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  • First Post: Nov 19, 2007 5:56pm Nov 19, 2007 5:56pm
  •  BurgerKing
  • Joined Jul 2006 | Status: Member | 2,924 Posts
EURGBP has reached a 5 year high 0.7150s..

Shorting may be in line. BUT!

EURUSD is still climbing up and GBPUSD is seen going down which translates to more EURGBP gain. The last few days, we see strong EURGBP gains which suggests further upmove perhaps to 0.72

Hmm...

Whats your opinion?
  • Post #2
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  • Nov 19, 2007 6:08pm Nov 19, 2007 6:08pm
  •  Warper
  • | Joined Feb 2007 | Status: The Real Deal | 463 Posts
I just want to say that your Burgers at BK have too much frying oil in them after cooked. Its nice they have lots of meat contrary to MD, but if they cut it in much tinny slices it will acumulate less oil.

With that said...

Regarding to the question the trend is up... and for me maybe some investors are questioning themselves... "hmm Duh... why should GBP have the same strenght of a multi country currency? lets price this right, damn it"

Seems logic.
 
 
  • Post #3
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  • Nov 19, 2007 6:19pm Nov 19, 2007 6:19pm
  •  totally
  • | Joined Nov 2007 | Status: Member | 240 Posts
eu are strong enough right now...with italian food and german pasta also french swiss fries are too good for the health i guess...
Patience is virtue
 
 
  • Post #4
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  • Nov 19, 2007 6:40pm Nov 19, 2007 6:40pm
  •  purenirvana
  • | Joined May 2007 | Status: Member | 26 Posts
Not just yet in my opinion, I'd like to see some nice solid price action with a strong break below the 0.7125 area personally.

I'd also have a tight stop on that one too! Any reversal pattern would most likely see some stong buying again.........maybe......
 
 
  • Post #5
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  • Nov 19, 2007 6:55pm Nov 19, 2007 6:55pm
  •  peterM
  • | Joined Sep 2006 | Status: Member | 995 Posts
I think eur will apreciate against the pound in the near term.. fundamentally eurozone looks a lot stronger than GB at the moment.. but I don't trade that pair.
 
 
  • Post #6
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  • Last Post: Nov 19, 2007 7:03pm Nov 19, 2007 7:03pm
  •  purenirvana
  • | Joined May 2007 | Status: Member | 26 Posts
Quoting peterM
Disliked
I think eur will apreciate against the pound in the near term.. fundamentally eurozone looks a lot stronger than GB at the moment.. but I don't trade that pair.
Ignored
No I don't either, spread is too heavy on the small range the pair moves.

Was just my personal view on things. I agree with your fundamental view.
 
 
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