APosner
Long

$EURGBP is bullish for the Euro

FX:EURGBP   Euro Fx/British Pound
22 0 0
While the dollar’s bullish strength continues to fade the Euro             is picking up the slack. We see the Pound stronger than the US Dollar             and the Euro             stronger than the Pound. Over the last month according to finviz.com the Euro             is up .43% whereas the Pound is down .7%. The Euro             in this chart is carving out a bottom here on the .618 fibo retracement of the 9/30 low (.7768) and the 10/15 high (8021). I expect to see a run at resistance and in all likelihood and extension of this rally higher.
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