EURGBP Forecast, 07 of May 2012, by Greedy-Cherry.com

Currently being at 0.8040, correction back to 0.8110 can be anticipated.

Comment by Greedy Cherry on May 9, 2012 at 3:41pm

Stop loss at 0.8018 should do the job, my forecast remains the same - bullish

Comment by Peter jcp on May 9, 2012 at 4:37pm

i think if it makes 0.8038 again - your stop loss and support as 24 area will hold.

It was a nice scalp sell from the mid 50's (.0.8050 ) and i still have the support being the key - for another attempt over 38 and then 50 and 60 - no attempt for over 38 - then it will keep testing lower supports under 8020 and 0.8000 - GL

Comment by Greedy Cherry on May 9, 2012 at 4:43pm

The 4H candle close above 0.8034, for me would act as a "buy" confirmation.. lets see

Comment by Greedy Cherry on May 9, 2012 at 4:46pm

although most important would be the daily close above 0.8034

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