- Numerous attempts previously to sell this stopped out for small losses.
- Latest effort in at 0.8450 beginning to look like it might work. Both weekly and daily charts look like they have turned down finally.
- Trigger today was UK 2Q GDP +1.1%, >E+0.6% + Bloomberg news story EU stress test only on trading assets and does not include HTM.
- Now at 0.8336. Sell rallies now towards 0.8400.
- KIV monthly triangle downside objective is far far away at 0.7542 (bold pink line).
23 July 2010
EUR/GBP : Turning Down
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