Site Network: Home | Forex-TSD | Forex Factory | Kaskus


Yesterday, we saw a different movement for Gbp/Usd and Eur/Usd. Eur/Usd has broken its highest level resistant at 1.3849 which was reached at 24/07/2007 but Gbp/Usd didn't do the same thing. Gbp/Usd just sit between level 2.0286 - 2.0363. We can check the Eur/Gbp pair to see what is going on between both of currencies.
From the attachment picture, we can see that Eur is stronger than Gbp in this time. So, that is a good conclusion for buying Eur instead Gbp in short time meanwhile selling Gbp is good also.
Fundamentally, Eur is stronger because the last statement from Jean Claude Trichet that said ECB will still raise their interest rate in a short time meanwhile there is no good issue for Gbp from BOE.

Do safe trading.

0 Comments:

Post a Comment