18 September 2009

EUR/GBP : Up

  • Late posting. Had meant to post earlier but didn't as no direct vested interest. Very nice chart in the making.
  • EUR/GBP uptrend is evident. Whilst it remains so - if bearish USD (risk on) buy EUR and if bullish USD (risk off) sell GBP. Have to remember this for portfolio considerations, partial profit taking or insurance strategies, etc
  • XAU/EUR looks up as well so consider buying XAU also instead of EUR in expressing bearish USD views.

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