Will EURGBP Touch 8800 Again?
I think EURGBP will touch the 0.8800 level again within 3 weeks time. Weakening GBP and strong EUR Will take this pair to 0.8800.
Currently trading at 0.8630 at the time of writing the pair is extremely bullish and all the indicators are showing buying signal. All the moving averages are showing buying signals. Investors are still very optimistic about the pair touching 0.8800 level and buying at every dip.
EURUSD is also expected to touch 1.4000 by mid this year which is another big addition to the fact that EURGBP can easily chase 0.8800 target.
NZDUSD is looking strong despite loosing some pips since morning the pair has gained the lost ground again however GBPUSD and AUDUSD are the biggest losers for the day.
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Comment by Peter jcp on February 12, 2013 at 11:56am -
Hi Ramish - guess you are a bull and ignore down trendlines ;-) You might be correct but the EG needs over 8660 to show its broken the LH's. If it carries on up and the attempts over the high - i would agree with you - but this present resistance area might change that scenerio.
Similar EU etc - would need extra confirmations to say your predictions would happen - but nevertheless Good Luck
Regards
Peter
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