Tuesday, September 8, 2009

EUR GBP Update

In the recent article I out the opportunity of an EUR/GPB long trade: http://market-trading-ideas.blogspot.com/2009/09/eurgbp-establishing-uptrend.html

I entered at long at 0.8740. The pair moved up quickly to 0.8790, breaking the first resistance. I closed 50% of the position and pulled up the stop to 0.8690. I will hold remaining position and see if a long term trend up can be established.


EUR/GBP 4hr chart



EUR/GBP weekly


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