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EUR/GBP reasonably volatile in otherwise quiet session

By   || March 16, 2010 at 04:48 GMT
|| 2 comments || Add comment

With most of the major pairings hardly moving in 30 pip ranges it is unusual to see EUR/GBP moving around but that is what it has done in Asia today. It opened at .9090, traded down to .9070 before moving higher again to .9100 at present. A quick look at the daily charts shows a fairly bullish set-up which is consolidating inside a .9050/.9150 range. More range trading looks likely though it is hard to argue against the recent up-trend. More information needed.

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2 Responses to “EUR/GBP reasonably volatile in otherwise quiet session”

  1. Steve on March 16th, 2010 05:01 GMT

    Hi Sean and all, any ideas on Eur/Cad today??looks to be stting up for a fall again ??

  2. Sean Lee on March 16th, 2010 05:13 GMT

    Hi Steve. Best advice ever given on EUR/CAD is to avoid at all costs!! Honestly I have no strong view there. I was told of a good support level at 10155 in USDCAD last week and that has held so far. Apart from that I’m a bit clueless.

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