EURGBP sitting intersting

Good evening ladies and gentlemen

I hope you all had a great day start in the market. As much as it hurts me to say it, I'd like to say congratulations to Manchester United for winning their 18th league title. My team Liverpool can be proud with their achievements for the year and pushing them all the way. The only team unbeaten at home, double over Manchester United and Chelsea and should have done the same to Arsenal, best goal difference most likely and Gerrard Writer's Player of the Year deservedly so. It just makes you realise that the run of home draws cost us dearly and in fact we lost the opportunity to win the title rather than Manchester United winning it. Can't wait till next season!! What we going to do till then?? All I can say is "Thank God for TRADING!!"

So this week I thought I would revisit a pair that is always on my watchlist and is now sitting at an intersting position. Below is the daily chart. Price has been flat since the end of 08 and the turn of 09 but recent action has been heading into a squeeze which may burst its bank anytime soon! I have also drawn in a S and R zone which coincides with the figure! Price, currently, has BOBbed out of the zone but is now heading towards a fortified cluster of the trend line, a fib breather level and if both those are penetrated than the VI. What are the other indicators saying? There will need to be a real surge south if all these are to be penetrated but if they are nice easy profits may be on the horizon! On the other hand, these confluences maybe too strong for price and rebound in which case if the trend and S Line are penetrated we may have to switch our sights for fruitful gains. Either way patience is the name of the game until the desired rally cry presents itself.

As an interest is big brother - the weekely chart - saying the same thing?





It will be interesting to see how price unravels itself over the week.

Alright Richy Ol' Boy! Yeah I agree gone in the blink of eye! Thank god we can't say the same about the sun this year. I attended a couple of barbecues and caught up with some old friends. You? And exactly that, trust your analysis!!

The answer to your riddle is one of my favourite films too. It's about time he came out with another classic. It is said by Eddie in the film Lock, Stock and 2 Smoking barrels!

My riddle is which film is this from:

"Well, when I came home from school my head started to get really hot. So I drank some cold water, but it didn't do nothing. So I laid in the bathtub for a while, but then I realized that it was my hair that was making my head hot. So I went into my kitchen and I shaved it all off. I don't want anyone to see."

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari