EUR/GBP - Current AssessmentSummary

  • Long term outlook: Down
  • Medium Term Outlook: Up
  • Short Term Outlook: Down
  • Medium Term Revision Point: Break below 0.8660
  • Potential Medium Term Target: 0.9400 – 0.9700

The choppy price action from last, adheres all the characteristics  of the second wave, which seems to be near its completion. So, here is no change in our medium term out look presented last week.

For now, we should be looking for buy opportunities on any potential pull backs with stop no further than November 17th low i.e., 0.8835.

Copyright © 2009, the Trading Solutions, All Rights Reserved.