A wrap of last week's forex action with an outlook and forecast for the week ahead.
Wednesday, March 18, 2009
11.3 chunnel chugs on
Today's action saw eur/gbp rise sharply and the pair has just broken resistance at 0.94. My trade is now well in positive territory so I've raised the stop to 0.9270 and have set a take profit just shy of 0.95. However, this target may well be reviewed in the near future.
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