EURGBP has really been respecting the fib swing from the Oct08 lows to Dec08 high and we are still in the range of that swing. So now we re back at the 78fib and swing highs from the summer 08 again it should bounce this is a major pivot zone.
Bigger picture I think this level breaks and we go to 0.79 then 0.77
I bought the break of the bear flag I posted on twitter last week. I am still long. Upside target 1.3167 with a bump at 1.2970
Not as bullish as it looks because we haven't taken out the last (Oct11) swing high but holding above the 105.70 pivot level is positive. Below 105.70 I would be a buyer at 101.36 for a massive inverse head and shoulders reversal.
I am not long, I have been selling little rallies and exiting on dips to 1.20 The fibonacci pattern, the chart pattern, and the fact that the whole world and his dog is long EURCHF tells me to be flat or short. I do not know the political mechanism that would get us there but my target is 1.1890 and I would buy it there
I am long EURAUD from last week and I bought some EURUSD and WTI crude today. WTI stuck at the weekly pivot level 103.80, I already have half off and will exit if we can't clear this level soon I am not holding overnight. EURUSD is a swing back to the top of the wedge 1.33 level but may hold half for an upside break
EURUSD long 1.3152 stop 1.3132 target 1.33
WTI June long 103.05 stop 102.75 ... open target
WTI June long exited half position 103.95 +1.5R
from last week:
EURAUD long 12672 stop 1.2638 target 1.3175 - half position left