Eur/Gbp above daily channel; not far from 100 day M/A

May 7, 2010 by · Leave a Comment 

Eur/Gbp is trading above a daily channel and is not far off its 100 day M/A of .8838. This on the heels of election results out of the UK which do not clearly indicate a political direction for the country.

If the pair reverses .8690 should be a good level of support.

vincent_fx00067

Forex QUICK: EURGBP falls below 100 and 200 bar MA support and sends the EURUSD and GBPUSD in opposite directions

May 3, 2010 by · Leave a Comment 

Forex QUICK: EURGBP falls below 100 and 200 bar MA support and sends the EURUSD and GBPUSD in opposite directions

The NY Midday Forex Commentary is available for viewing

April 23, 2010 by · Leave a Comment 

The Midday Forex Video Report looks at the EURUSD, GBPUSD, EURGBP, USDJPY, USDCAD and NZDUSD.

EUR/GBP Triangle Consolidating

April 20, 2010 by · Leave a Comment 

The EUR/GBP long term triangle seen below is consolidating on the pair with a possible breakout on the horizon. As Euro concerns continue to linger in regards to Greece and other battered European Union economy’s and the ability of so many diverse and sprawling economies to be managed under one effective monetary policy, the pressure could continue to mount.  On the chart below we could see that a break below the trendline will be met quickly with the 100 week moving average and then levels through the 86 cent handle that have not been seen for sometime. The recovery of the battered British pound could also play a very important role in the revaluation of the pair, rather than just the depreciation of EUR/USD.

eurgbp

Forex QUICK: EURGBP breaks below floor support

April 15, 2010 by · Leave a Comment 


Forex QUICK: EURGBP moves higher today but at key crossroad currently

April 12, 2010 by · Leave a Comment 

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Forex QUICK: EURGBP and EURUSD tied together but can’t break higher.

April 9, 2010 by · Leave a Comment 

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Forex QUICK: EURGBP moves higher on Greece debt pact

April 9, 2010 by · Leave a Comment 

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