EUR/GBP Hits 0.90….Almost

As you know, I have been very bullish EUR/GBP this week. On Monday, I showed you this chart of EUR/GBP and told you that is headed for 90 cents from 87 cents and today it has pretty much reached that level. The high in EUR/GBP was 0.89978, 2.2 pips from my 0.90 target.

One of the questions asked in the comment section of my blog earlier this morning was “Is it time to sell near .90 or will it continue to slowly go up?”

As you can see in the chart below, the retracement off of the 90 cent high was pretty brutal. Although I think that EUR/GBP could hit parity, we may be due for an even larger correctionthat could take the currency pair back to 0.8750.


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7 Comments

  1. Thank you Kathy, great calls on both the USD/JPY, and the EUR/GBP. Made 500 pips between both of them. A merrier X-Mass for the family this year, lol.

    Keep up the great work, this blog is a rare gem in the sea of madness that is Forex.

    – Ben

    Reply
  2. KATHY:

    You ROCK girl! EUR/GBP wasn’t even on my radar screen until you made that call,
    and I rode it from there straight to .8950 – hanging on through the pauses and tracebacks…Thank you. Are you always this good?

    Maybe it’s time to subscribe and find out.

    Dean H. Anderson

    Reply
  3. Nice blog. Thanks for giving me information about it because i don`t have any idea about foreign exchange.

    Great work. Hoping that you`ll be having another great work like this someday.

    Thanks a lot.

    Reply

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