At 1.27411 EURUSD would have made two equal swings up from the lows and markets love symmetry ...
If we get a 50% retrace of the up move here we have a pretty good looking inverse head and shoulders (perhaps). It is not my favourite pattern but on some currencies like sterling it works well. If the 0.8380 high gets taken out then EURUSD is going to break out as well and the next resistance for EURGBP is 0.8425 and the 113 fib which is also close to the 50% retracement from the May high. I still like EURGBP higher and I would buy the pullback.
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Hi Nic,
ReplyDeleteJust listened to your interview. Well, it is Education for guys like me. Thanks for sharing.
Prashant
No problems, the other interviews are good too lots of different styles
ReplyDeleteAdded AUDUSD chart
ReplyDeletegreat interview, absolutely candid n charming.... just hope u havn.t created a monster here... Again well done, quite amazing that our styles are very similar,but... you have much more discipline. Thanks and keep it up.
ReplyDeleteThanks Bear
ReplyDeleteI didn't start out with that discipline, I had it beaten into me ...