ProFX_Strategist

Time To Break Out Soon?

FX:EURGBP   Euro Fx/British Pound
29 0 2
This year could be the year for the EUR to shine (just take a good look at the EURUSD             pair very similar scenario right now too - looks like it want to break out to the upside similarly too)...

Yeah, the GBP might strengthen here & there (temporarily) & all (causing some pullbacks on this pair here & there); but ultimately that may not stop this pair from breaking out & advancing even higher...
Comment: Maybe it won't break-out to the upside yet... (It may have more room to fall back...)
Comment: At this point in time, the EURUSD pair is also looking rather too weak to break-out to it's upside too (as such, it basically alters my previous view on this EURGBP pair as well)...
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