With a Greece bail out looming and the "burden" on the bigger EU countries, plus the prospect of further help for others like Spain, Portugal and Ireland MAYBE the pound is set for relative strength against the €..
look at the chart
Look at daily...
AND the weekly ..
THEN probably coinciding with new weakness in the USD expect cable to go to new lows vs Euro possibly attempt at parity?
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
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