Looking to the week ahead, we will pay particular attention to the MPC's interest rate decision on Thursday. We will publish several FX trade opportunities over the coming few days as and when they arise, so stay tuned!
Happy trading all!
Monday, 6 July 2009
Trade Update: Long GBP/EUR @ 1.1634
We will effect a long position at 1.1634 as we envision the ascending support line as highlighted on the charts below, holding in the short-term. We may see a breakout from the symmetrical triangle before the end of the week. The brave amongst us may be tempted to jump on the back of such a breakout (regardless of its direction) with prospective profit on this trade being substantial.
Looking to the week ahead, we will pay particular attention to the MPC's interest rate decision on Thursday. We will publish several FX trade opportunities over the coming few days as and when they arise, so stay tuned!
Happy trading all!
Looking to the week ahead, we will pay particular attention to the MPC's interest rate decision on Thursday. We will publish several FX trade opportunities over the coming few days as and when they arise, so stay tuned!
Happy trading all!
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