Friday, August 1, 2008

EURGBP should continue to trade sideways

European data has turned downturn, UK data has continued to be weak, so EURGBP should continue to trade in range.

Daily stochastics is pointing up for EURGBP.

Bought 20,000 EURGBP at 0.7878
Stop level at 0.7820
Target level at 0.7950

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