Confessions of a Forex Trader

The EURGBP traded in a short term range in the last few days but now apparently is out of that range:

EURGBP

It will probably head down and hit the next LT support level.

My trading plan:

As long as the EURGBP trades below 0.8970 I will be looking for short opportunities. Please keep in mind that we might find some short term support around 0.8932

All long opportunities will be ignored.

Trade Safe!
Raul Lopez

Tags: EURGBP, EURGBP analysis, Forex Crosses

This entry was posted on Tuesday, January 12th, 2010 at 7:45 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.