Little bit of EUR/GBP gossip

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Some scuttlebutt doing the rounds.

Talk of LHS interest in EUR/GBP lined up for the 11:00 GMT fix (interest to sell the cross.)  Said to be related to dividend payments.

Cross is presently at .7995 from the .8000 which greeted me.

Take it for what you will, I’m not the biggest fan of fix rumours.  But at least you now know the talk’s out there.

2012-11-12T07:09:47+0000

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EUR/GBP

Gerry Davies

9 Comments

  1. hi gerry, eur/gbp up or down and what level? thanks gerry

  2. EUR/GBP i fighting fresh trendline on H1 and apparently is giving up so should fall like Baugmanter

  3. @Alex, draw U’R Trend Line From Top 10/31 .8076, to today, where did U expect it to go ? Thanks

  4. @Alex fades are tricky, Got out of CAD this morning, Just to uncertain (for me) now, I’d ratherplay …Trend is my friend. …I’m getting old…. Huh

  5. For me it can test latest lows at ~0,7960, if this one will give up maybe test of lower channel lineand area of lows from the end of Septemper, ~0,7930-20. That scenerio is supported by EUR/USD bearish sentiment IMO

  6. What’s not tricky these times? Everything is so strange that sometimes i feel like living in MATRIX. That was only a piece of technical analysis but i of course it is not the main trendline so shouldnt be acclaimed as a perfect one:) And Youre right…fades are tricky:D

  7. @Alex, U were long wern’t U ? if so Upside was limited, my point,. sorry if Mistake

  8. No i was not:D But im also not short.

  9. But for me EUR/GBP and EUR/USD are both bearish. And im short on second one if you want to know:P Take a look at these pairs and add EURX. For me euro is under pressure short-medium term

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