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Mood!

Tuesday, February 10, 2009

EURO GBP ....for DAVID L!!







Click on charts to see larger picture

LONG term MONTHLY CHART...Looks like euro could fall against pound..needs to get through .855 first before next support at.8171.

MEDIUM term WEEKLY CHART...also looks like EURO should fall against pound..however close to .855 level..so some support could come in..

SHORTER term looks like Euro has found some support between .855 and .8700 so shorter term we may see some more euro strength before a more sustained down move begins...

VERY SHORT TERM 2 hour CHART

If we see a break above the down trend line should indicate start of euro strength...will probably also be result of general strength against $ and JPY....

PS notice how instruments move in waves.....in all time frames...

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