Tuesday, December 16, 2008

Chart Of The Day: EUR/GBP

While we have yet to see the pullback off of the high for our buying opportunity, the EUR/GBP may be in one of the stronger trends right now.





















The USD is not as strong as it was a couple of weeks ago which means we should look elsewhere for our next trade. This daily trend is still up, so look for pullbacks down to support on the 4-hour chart. At that time, you can use your favorite technical indicator to help you time your entry.

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