Comments on: EUR/GBP looks like ‘pair most likely’ in early European trade https://fxww.com/eurgbp-looks-like-pair-most-likely-in-early-european-trade/ The Professional Source Wed, 05 Dec 2012 09:10:53 +0000 hourly 1 By: Mike https://fxww.com/eurgbp-looks-like-pair-most-likely-in-early-european-trade/#comment-10759 Wed, 05 Dec 2012 09:10:53 +0000 http://fxww.dreamhosters.com/?p=3474#comment-10759 China selling?

I guess, consider the RMB strength, PBOC are buying USD and recycle into EUR?

]]> By: Sean Lee https://fxww.com/eurgbp-looks-like-pair-most-likely-in-early-european-trade/#comment-10748 Wed, 05 Dec 2012 08:25:20 +0000 http://fxww.dreamhosters.com/?p=3474#comment-10748 Yes I’m short cable and AUD/USD but against this I have a large-ish EUR/USD long. I think this mkt is in stop-loss hunting mode so I would not be surprised if cable blew above the tech resistance levels you mention and then goes to 16250ish perhaps before China starts selling again and everyone turns bearish? Something like that maybe?

]]> By: Papillon https://fxww.com/eurgbp-looks-like-pair-most-likely-in-early-european-trade/#comment-10746 Wed, 05 Dec 2012 08:18:33 +0000 http://fxww.dreamhosters.com/?p=3474#comment-10746 Sean,

Currently, you short GBP/USD, what do you think with the current level ? We have a double top formation at 1.6180 (Oct. 17th, Nov.1st) + Fibio (from 1.6300/1.5825) at 1.6190/1.6200 ? If this levels holds, it could be a good opportunity to reload ?

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