Dynamic Trader Forex Blog FXCPS.co.uk

The Dynamic Trader Forex Blog

Thursday, 15 April 2010

The Euro Pound.

Good evening Forex Traders,

Apologies for a quick update tonight as I have something I have to attend to, and also for not being able to upload the chart.

Tonights pair is the EURGBP and I last mentioned this as a quick edit on March 23 for a posble long, and it popped up for a couple of days then fell sharply, so a loss on that for me.

However it now looks like further weakness could be coming in this pair as it is below the VI and former R/S and good figure area.

This could be a good one to watch for with MoBo but is not there as yet.

As always please ensure to do your own analysis before trading.

Good luck.

Clayton Farnworth.

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