Sunday, February 10, 2008

GBP/USD and EUR/USD Direction

Where will be these 2 pairs heading to?

As of today(10th Feb 2008), I believe the down trend of these 2 pairs are coming to an end. Look for the spike up in this coming week.

GBP/USD and EUR/USD are testing the support area at 1.9400 and 1.4400 level respectively. GBP/USD has just tested the trendline break in daily chart.

We will see when the price itself shows us the direction. Let's wait and see.

Happy forex trading!

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