Euro and Gbp running high. What’s next?

Both Euro and Gbp break to the upside against dollar, and continue moving higher, as stocks recover ground: the Eur/Usd could reach the zone around 1.3010, that could extend even to 1.3050 (not seen really) tops for today. Over bought in hourly charts, expect a corrective rebound in the next hours.
Gbp/Usd breaks above the 1.6000 triggering some bullish momentum that has reached at the moment a top @ 1.6105. Above this level 1.6164 is the next to consider.
 

Original post by Valeria Bednarik

This entry was posted on Tuesday, November 4th, 2008 at 9:22 am and is filed under News, gbp, euro. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.