EUR/GBP Analysis


Let’s take a look at the EUR/GBP.

If you look from early July, it looks like we’re forming a Contracting Triangle (CT) – which you all know by now we refer to as “continuation” triangles.

Once the triangle completes, look for a potential move up to .8850 – .8900 and above.

Good luck with trading.

For 2011:

• +5,327 long term pips
• +1291 pips short term trades
• +50-100 pips per week average on quick trading

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