EURGBP: Set To Strengthen Further In The New Week EURGBP- The cross reversed almost all of its earlier gains for the week to close marginally lower on Friday.This is coming on the back of a halt in price declines at 0.8720 level on Thursday and its subsequent two-day rally. This development has opened up further upside risk in the coming week with a possible move towards the 0.8843 level, its Jun 14’2011 high. Beyond that level will clear the way further strength towards its Jun 10’2011 high at 0.8920 and then its Jun 08’2011 high at 0.8976. Guest post by www.fxtechstrategy.com Its daily RSI is bullish and pointing higher suggesting further gains. On the other hand, the risk to our analysis will be a return below the 0.8720 level, its Jun 16’2011 low. This will create scope for more declines towards the 0.8610 level, its May 26’2011 low and possibly lower. All in all, the cross has halted its recent declined and triggered a two-day recovery suggesting further strength. 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 Greek Referendum on Reforms? Another Complication in the Crisis Yohay Elam 12 years EURGBP: Set To Strengthen Further In The New Week EURGBP- The cross reversed almost all of its earlier gains for the week to close marginally lower on Friday.This is coming on the back of a halt in price declines at 0.8720 level on Thursday and its subsequent two-day rally. This development has opened up further upside risk in the coming week with a possible move towards the 0.8843 level, its Jun 14'2011 high. Beyond that level will clear the way further strength towards its Jun 10'2011 high at 0.8920 and then its Jun 08'2011 high at 0.8976. Guest post by… 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.
