EURGBP– With a clearance of the 0.8852 level now seen, further upside risk is now building up towards its Oct 25’2010 high at 0.8940 level where a break will resume its long term uptrend. Guest post by www.fxtechstrategy.com This will set the stage for more strength towards the 0.9000 level, its big psycho level where the cross could encounter a price hesitation because of the psychological importance of that level. Its daily studies are bullish and pointing higher supporting this view. On the other hand, the risk to our upside outlook will be a return below the 0.8852 level and the 0.8715 level. This will pave the way for more declines towards the 0.8653 level followed by the 0.8624 level and then the 0.8532 level. All in all, the cross continues to maintain its medium term bullishness having resumed its uptrend. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next EUR/USD Apr. 13 – Moving Higher After Higher Inflation Yohay Elam 12 years EURGBP- With a clearance of the 0.8852 level now seen, further upside risk is now building up towards its Oct 25'2010 high at 0.8940 level where a break will resume its long term uptrend. Guest post by www.fxtechstrategy.com This will set the stage for more strength towards the 0.9000 level, its big psycho level where the cross could encounter a price hesitation because of the psychological importance of that level. Its daily studies are bullish and pointing higher supporting this view. On the other hand, the risk to our upside outlook will be a return below the 0.8852 level and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
