Well, our virtual trip anyway. Now we can get back to trading real currencies
In other news it looks like the euro is going to fail at closing above the 100 dma at 1.3561 once more, but even with that the moves lower towards 1.3500 are fleeting and we’re still range bound. If Europe wants stability it’s getting that from the currency at the moment.
EUR/USD daily chart 22 01 2014
EUR/GBP has been edging down since it got a kick in the knackers from the UK and we’re nearing the 61.8 fib of the Jul 2012/ Feb 2013 lo/hi at 0.8160.
EUR/GBP weekly chart 22 01 2014
Underneath the fib is the Jan 2007 support line and the 30 Dec 2012 low at 0.8083/88. We’re looking at hitting 6 straight weeks of losses, if we close the week in the red, and that will be the first time since the poo hit the fan in 2011.
