Hi Traders, EUR/GBP has touched new high @ 0.7692 today. Today’s European Central Bank’s rate decision and speech of Mr. Trichet, it will be hawkish, the EUR strength will continue, but opposite statement and announcement of cut rate in near future, will give new direction in EUR. EUR/GBP’s indicators are in overbought territory. (see chart). Where is the end of bull trend?!!! Good luck in trading
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March 06, 2008
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