EURGBP - She's really giving it a go but will she win?

Dear ladies and gentlemen

I hope you all had a wonderful day in the market. I hope your trading is coming along nicely and everyday is full of progression or profit or ideally both.

So our girl for the week is the EURGBP and lets see how she has progressed today. Yesterday's bar had broken through the S and R zone and was approaching the bottom trend line which was causing a squeeze. Price today is having a real battle and is trying hard to break down the wall and managed to do so earlier at 3 pm. However, price soon ran out of strength with the trend line managing to push price back into the squeeze zone. This again is a waiting game and it will be interesting to see if there is any strength left in price to have another attack at the trendline through the rest of the day and over night. If this happens, the other defences mentioned yesterday still remain in the way including another S and R line I have drawn in. The MACD histogram is at the midpoint line. Will it cross over? Could this be indicating us of anything of significance which will interest enough to want to know more? Again only time will tell and we will be here waiting and watching with anticipation!




Alright Rich. You can have more time mate. I am sure you will have the answer tomorrow. The film is a cult classic and is said by my favourite character in the film. Another clue is that another one of his quotes is much better known and is commonly found on tshirts!

The answer to you riddle has to be snow but I think a towel also makes sense but I am going to go with snow?!

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari