Let’s pull up the EUR/GBP.
We just crossed a major trend line which for the past 4-5 months acted as resistance. Now that we have crossed it, it looks like this same trend line may start acting as support so look for a potential move up .8800 – .8850 area and above.
We do have Trichet speaking near the opening of the European markets so be sure to watch your trades.
Good luck with trading and enjoy your weekend.