EUR/GBP Hits 0.90….Almost
December 12, 2008
As you know, I have been very bullish EUR/GBP this week. On Monday, I showed you this chart of EUR/GBP and told you that is headed for 90 cents from 87 cents and today it has pretty much reached that level. The high in EUR/GBP was 0.89978, 2.2 pips from my 0.90 target.
One of the questions asked in the comment section of my blog earlier this morning was “Is it time to sell near .90 or will it continue to slowly go up?”
As you can see in the chart below, the retracement off of the 90 cent high was pretty brutal. Although I think that EUR/GBP could hit parity, we may be due for an even larger correctionthat could take the currency pair back to 0.8750.
Posted in Forex News, Forex Technicals, eur/gbp, eur/gbp record high, forex blog, forex signals
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December 13th, 2008 at 3:45 am
trading forex is some thing very exciting and with such useful information in this blog it is getting more and mor exciting
thank you
http://www.forex-ezine.com
December 13th, 2008 at 2:30 pm
Thank you Kathy, great calls on both the USD/JPY, and the EUR/GBP. Made 500 pips between both of them. A merrier X-Mass for the family this year, lol.
Keep up the great work, this blog is a rare gem in the sea of madness that is Forex.
- Ben
December 13th, 2008 at 11:20 pm
KATHY:
You ROCK girl! EUR/GBP wasn’t even on my radar screen until you made that call,
and I rode it from there straight to .8950 - hanging on through the pauses and tracebacks…Thank you. Are you always this good?
Maybe it’s time to subscribe and find out.
Dean H. Anderson
December 14th, 2008 at 11:04 am
Nice blog. Thanks for giving me information about it because i don`t have any idea about foreign exchange.
Great work. Hoping that you`ll be having another great work like this someday.
Thanks a lot.
December 14th, 2008 at 12:35 pm
I think it ia time to sell. do you agree with me
http://www.forex-ezine.com
December 15th, 2008 at 7:52 am
dear Kathy where are you???? we need more valiable forex analysis
http://www.forex-ezine.com